The U.S. green energy industry is filled with failed firms. They became so dependent upon government subsidies
Fantastic news! We've Found the answer you've been seeking!
Question:
The U.S. green energy industry is filled with failed firms. They became so dependent upon government subsidies and favors that they simply could not compete and produce a product or service that was cost effective and desirable to the consumer. Yet they all convinced their local politicians to secure taxpayer money for them even though they knew that their products were not going to be successful. It's also highly likely that the politicians got donations or kickbacks from these firms. What term will be used to describe this behavior?
Related Book For
Microeconomics Theory and Applications
ISBN: 978-1118758878
12th edition
Authors: Edgar K. Browning, Mark A. Zupan
Posted Date: