Rational ignorance occurs when:
A) voters find the cost of understanding a specific issue greater than the expected benefit from doing so.
B) legislation generates large benefits for a few people but imposes costs on many people.
C) the preferences of the median voter dominate public choices.
D) individuals or firms attempt to obtain favorable treatment from government officials.
E) people make public decisions based on emotion rather than a rational analysis.
Correct Answer:
Verified
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