Unlike consumers and business firms,the public sector has no maximizing goals.

Question

Quizplus · Accepted Answer

The public sector does have maximizing goals, but they are different than those of consumers and business firms. The goals of the public sector include providing public goods and services, promoting social welfare, and promoting economic stability and growth. These goals often involve balancing multiple competing interests and objectives, such as efficiency, equity, and democratic participation.

Unlike Consumers and Business Firms,the Public Sector Has No Maximizing