According to public choice theory, policymakers
A) act in ways to bring about an equitable distribution of society's wealth.
B) act in ways to maximize economic efficiency.
C) place the interests of the public above their own self-interest.
D) are likely to pursue their own self-interest, even if their self-interest conflicts with the public interest.
Question 2
Refer to Figure 15-4. What is the price charged for the profit-maximizing output level?
A) 13 B) 21 C) 27 D) 34
