One of the pitfalls of cost-benefit analysis is that the sheer cost of performing a credible cost-benefit analysis makes the approach unfeasible for many public investment decisions.

Question

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Cost-benefit analysis requires significant time, resources, and expertise to perform accurately, and these costs can outweigh the benefits of using the approach for certain public investment decisions. As a result, cost-benefit analysis may not be feasible or practical for some projects, particularly those with limited budgets or resources.

One of the Pitfalls of Cost-Benefit Analysis Is That the Sheer