The public choice model can be used to examine voting models that contrast the manner in which collective decisions are made by governments (state, local, and federal) and the manner in which individual choices are made in markets. Which of the following descriptions is consistent with the difference between collective decision-making and decision-making in markets?
a) Collective decision-making involves competition for profit
b) Markets prioritize the common good over individual preferences
c) Government decisions are subject to political pressures
d) Individual choices in markets are always irrational