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Author Question: Markets fail to produce an efficient allocation of resources, but governments also fail because (Read 72 times)

abc

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on: May 25, 2020
Markets fail to produce an efficient allocation of resources, but governments also fail because
◦ elected officials will act only in the public interest.
◦ the optimal level of public goods may be too expensive to produce.
◦ measurement of social costs and benefits is difficult and imprecise.
◦ managers of government agencies are trying to maximise the size of their agency.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by abc on May 25, 2020

brittanywood

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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abc

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
Wow, this really help

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