In the abstract,an omniscient government would have little power to move inefficient markets toward efficiency.
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Q20: Government regulators know that pollution is a
Q21: Eminent domain _.
A)is when government forces holdouts
Q22: The general public has strong incentives to
Q23: Government regulations can create de facto monopoly
Q24: The protection of rights is an all-or-nothing
Q26: The holdout problem occurs when _.
A)unanimity rule
Q27: An underproduction of goods occurs when there
Q28: The argument that government action is justified
Q29: Government's monopoly on force implies that government
Q30: The primary problem with the argument that
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