A Groves Mechanism

question 37

Multiple Choice

A Groves mechanism

• A) Is a procedure for setting the level of the private good that induces everyone to report their preferences correctly
• B) Produces a socially inefficient outcome
• C) Is a procedure for setting the level of the public good that induces everyone to report their preferences incorrectly
• D) Is a procedure for setting the level of the public good that induces everyone to report their preferences correctly

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