What is the political equilibrium if voters are rationally ignorant and bureaucrats achieve the highest attainable budget?

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What is the political equilibrium if voters are rationally ignorant and bureaucrats achieve the highest attainable budget?
The figure provides information about a waste disposal system that a city of 1 million people is considering installing.

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:25 AM

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What is the political equilibrium if voters are rationally ignorant and bureaucrats achieve the highest attainable budget?

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4 80 60 40 20 0 (uosiad ad sol-op)

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Bureaucrats will provide a capacity of 5 million gallons With voters rationally ignorant bur...View the full answer

Microeconomics

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