Government bureaus, unlike private firms,
A) derive their revenue by selling output to the government
B) have incentives to respond to consumers' desires
C) price their output by equating marginal cost and marginal revenue
D) attempt to achieve zero profit
E) receive little consumer feedback
Correct Answer:
Verified
Q106: According to William Niskanen, bureaucrats seek to
A)maximize
Q107: In Niskanen's theory, bureaucrats obtain the budget
Q108: One consequence of raising tax rates is
Q109: The basic difference between a public bureau
Q110: Bureaus are
A)special-interest groups that try to influence
Q112: Budget maximization by bureaus leads to
A)efficient budgets
B)budgets
Q113: If the legislature has a line-item veto
Q114: If managers of a private corporation perform
Q115: Because of the free-rider problem, it is
Q116: A government that uses a bureau rather
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