Government failure refers to
A) a mismatch between employer incentives and firm objectives
B) the failure of government to provide an efficient quantity of public goods
C) the inability of firms to produce output efficiently
D) the overabundance of competitors with government in production
E) the under-allocation of tax revenues

Question

Quizplus · Accepted Answer

Government failure specifically refers to the inefficiency in the allocation of goods and services by the government, including the failure to provide an efficient quantity of public goods.

Government Failure Refers to