Related to the Economic in Practice on page 387: Corruption often leads to more efficient firms producing the goods and services in a society.

Question

Quizplus · Accepted Answer

Corruption may lead to certain firms gaining advantages and become more efficient, but it also leads to inefficient allocation of resources, unfair competition, and ultimately harms the overall economy and society. Thus, in the long run, corruption does not lead to more efficient firms producing goods and services in a society.

Related to the Economic in Practice on Page 387: Corruption