Multiple Choice
What is one result of the public choice model that is believed by most economists?
A) When market failure occurs, government intervention will always lead to a more efficient outcome.
B) Government intervention will always result in a reduction in economic efficiency in regulated markets.
C) Policymakers may have incentives to intervene in the economy in ways that do not promote economic efficiency.
D) The voting paradox will prevent voters from selecting the best person for public office.
Correct Answer:

Verified
Correct Answer:
Verified
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