Which of the following is necessary for competition in the political marketplace to result in the production of the efficient amount of a public good?
A) bureaucrats practice self-interest
B) well informed voters and political parties
C) rational ignorance
D) maximum differentiation of political competitors
E) Answers A, B and D are correct.

Question

Quizplus · Accepted Answer

Well-informed voters and political parties are necessary to ensure competition results in the efficient production of public goods. Rational ignorance may lead to uninformed voters, while maximum differentiation of political competitors may lead to extremism or stalemate. Bureaucrats practicing self-interest may not necessarily lead to the production of efficient public goods.

Which of the Following Is Necessary for Competition in the Political