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Author Question: Governments continue to provide public support to some farmers, even in the absence of market ... (Read 28 times)

frosh101

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on: Oct 12, 2022
Governments continue to provide public support to some farmers, even in the absence of market failures. Choose the best explanation for this practice according to public choice theory.
◦ Vote-maximizing governments are not rational in their response to powerful lobbying.
◦ All consumers are willing to pay higher prices in order to provide financial support to some farmers.
◦ Government support goes to consumers in the form of price controls, which balances the support given to farmers.
◦ The benefits of the support are concentrated among a small and vocal group of farmers and the costs are widely dispersed among millions of consumers.
◦ The marginal social cost of providing support is equal to the marginal social benefit.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by frosh101 on Oct 12, 2022

dadgoere765

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Reply #1 on: Oct 12, 2022
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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frosh101

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

patma1981

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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