According to public choice theory:
A) individuals never make collective choices.
B) individuals try to maximize their own well-being when making collective choices.
C) individuals try to maximize the well-being of society when making collective choices.
D) the basic rules for decision making through collective choice are not the same as for private choice.

Question

Quizplus · Accepted Answer

Public choice theory posits that individuals, when involved in making collective decisions, act primarily out of self-interest, aiming to maximize their own well-being rather than that of society as a whole.

According to Public Choice Theory