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What Is Public Choice Theory, and How Can It Affect

Question 141

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What is public choice theory, and how can it affect government intervention?
Public choice theory assumes that public officials pursue their own personal goals while in office instead of the goals that are best for the public. If government intervention is motivated by self-interest and not what is best for society, the result may be detrimental. In this case government intervention could cause government failure.

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Public choice theory is a theory that as...

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