Generally, people are more satisfied with private market outcomes than with public voting outcomes because
A)each consumer in the private market can choose the quantity he or she desires
B)most people are near the median
C)the prices are lower
D)markets are involuntary
E)there are too many choices to make in the public sector

Question

Quizplus · Accepted Answer

In the private market, each consumer can make choices based on personal preferences and budget constraints, leading to higher satisfaction. In contrast, in public voting outcomes individuals may not get their preferred outcome due to the collective decision-making process.

Generally, People Are More Satisfied with Private Market Outcomes Than