Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Discover the answers you need from a community of experts ready to help you with their knowledge and experience in various fields. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

The government suffers from the government failure known as informational problems when?

Sagot :

Answer:

Self interested citizens overstate the value of public goods or understate the cost of externalities. This causes government decision to inefficient.

Explanation:

Government fail to correct inefficiency caused due to externalities or public goods because people overstate the cost of externalities and also overstate the value of public goods. In case of public goods, people tend to free ride so they overstate the value of public good.

Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.