The public choice model examines the degree of market power that the public exerts in a market economy. applies economic analysis to government decision making. examines the public's role in appointing politicians and ensuring that elected officials act in ways to reflect the public's preferences. applies economic analysis to the collective decision making of consumers.

Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.