Author Question: Rational ignorance about the efficient quantity of a public good can result in A) the principle ... (Read 92 times)

j.rubin · **on:** Jun 29, 2018

Rational ignorance about the efficient quantity of a public good can result in

A) the principle of minimum differentiation.
B) excludable goods.
C) bureaucratic overprovision of a good.
D) the vertical summation of individual's marginal benefit curves.

Question 2

I know that my vote alone will not influence whether or not any new foreign trade legislation is enacted, so I have decided not to spend the time learning about various legislative proposals. This quote reflects an example of

A) the free-rider problem.
B) government failure.
C) rational ignorance.
D) voter inefficiency.