Which of the following is most likely to result in government failure? Highly competitive markets. Monopoly. A constitutional reform mandating that the federal government maintain a balanced budget. O Widespread government actions that favor some business firms and sectors of the economy relative to others.

Which of the following is most likely to result in government failure? Highly competitive markets. Monopoly. A constitutional reform mandating that the federal government maintain a balanced budget. O Widespread government actions that favor some business firms and sectors of the economy relative to others.

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter6: The Economics Of Political Actions

Section: Chapter Questions

Problem 12CQ

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