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Which of the following best describes a key assumption of public choice theory regarding politicians ?

A central assumption of public choice theory is that politicians, bureaucrats, and voters "are motivated by self interest, just like private individuals" in economic…

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Which of the following best describes a key assumption of public choice theory regarding politicians ?

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A central assumption of public choice theory is that politicians, bureaucrats, and voters "are motivated by self interest, just like private individuals" in economic markets—seeking to maximize their own utility (such as votes, re-election, power, or budgets) rather than acting solely to maximize social welfare.

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