Public choice theorists contend that

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Public choice theorists argue that public bureaucracies are inherently less efficient than private enterprises due to factors such as lack of competition and incentives, bureaucratic red tape, and political pressures. They also question the ability of government to efficiently correct instances of market failure, and argue that cost-benefit analysis may not always be effective in the public sector due to the difficulty of assigning values to non-market goods and services.

Public Choice Theorists Contend That