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

---

Definitions:

Resistance To Change

The opposition or pushback by individuals or groups within an organization towards proposed changes due to fear, uncertainty, or perceived threats to status or job security.

Politics

The activities, actions, and policies used to gain and hold power in a government or to influence decision-making in an organizational or societal context.

Resisting Change

The act of opposing or struggling against modifications or transformations within an organizational setting or in personal habits.

External Change Agents

Professionals from outside an organization who are brought in to facilitate change and offer unbiased perspectives on challenges.