One key assumption of the theory of public choice is that individuals
A) are always in favor of the collective well-being of the public instead their own well-being.
B) are always concerned about the well-being of other individuals in society.
C) act differently between the public sector and the market sector.
D) act within the political process to maximize their individual well-being.

Question

Quizplus · Accepted Answer

The theory of public choice assumes that individuals involved in the political process act rationally to maximize their own self-interests, just as they do in the market sector. This means that they are primarily concerned with their own individual well-being and will pursue policies that benefit them, rather than the collective well-being of the public.

One Key Assumption of the Theory of Public Choice Is