All of the following are assumptions of both market and public-sector decision making EXCEPT
A) Decisions are based on majority rule.
B) Decisions are motivated by individuals' self-interest.
C) Opportunity costs exist in decisions.
D) Choices reflect incentives faced by decision makers.

Question

Quizplus · Accepted Answer

While majority rule may be an assumption of market decision making, it is not necessarily an assumption of public-sector decision making. Public-sector decision making may involve other decision-making processes such as consensus-building or representative democracy.

All of the Following Are Assumptions of Both Market and Public-Sector