Factors that impede the attainment of economic eﬃciency in the public sector are called
A) market failures.
B) externalities.
C) government failures.
D) voting irregularities.

Question

Quizplus · Accepted Answer

Government failures refer to factors such as bureaucracy, political incentives, and lack of competition in the public sector that prevent it from achieving economic efficiency. Market failures and externalities refer to factors that impede the efficiency of the private sector. Voting irregularities are not necessarily related to economic efficiency.

Factors That Impede the Attainment of Economic Eﬃciency in the Public