Suppose that a special interest group makes up 1% of society, and a proposed law would give them $10,000 of benefits but cost society $900,000. The special interest group will oppose this policy because the costs exceed the benefits.

Question

Quizplus · Accepted Answer

The special interest group would actually support this policy since they would receive a net benefit of $10,000 despite the cost to society.

Suppose That a Special Interest Group Makes Up 1% of Society