Local governments provide law enforcement,which benefits society,but if the costs of law enforcement exceed the benefits,the result is a situation of

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Quizplus · Accepted Answer

Government failure occurs when the costs of a government policy outweigh its benefits, resulting in an inefficient outcome. In this case, if the costs of law enforcement exceed its benefits, it would constitute government failure. Market failure occurs when the market fails to allocate resources efficiently, but in this case, it is not related to market failure. Efficiency as long as there is some benefit would be a justification for continuing the policy if the benefits outweigh the costs, but if the costs outweigh the benefits, it would not be efficient. Public choice theory is a framework for analyzing the behavior of voters, politicians, and public officials and how they interact, but it is not relevant to this question.

Local Governments Provide Law Enforcement,which Benefits Society,but If the Costs