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Economics
MEDIUM
ENGLISH
Economics
Markets fail to produce an efficient allocation of resources, but government also fail because ?
A
elected officials will act selflessly for the good of society and ignore their own self interest
Option A
B
the managers of government agencies are trying to maximize the profit of their agency and they ignore the implications that this has on other departments
Option B
C
the optimal level of public goods may be too expensive for the society to produce
Option C
the measurement of social damages and benefits is difficult and imprecise
Correct answer
Correct answer: D
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