When external costs are present, Group of answer choices democratic political decision-making can be counted on to improve the efficiency of resource allocation. market allocation will achieve idealized economic efficiency. the conditions implied by idealized efficient allocation of resources will be absent, but it does not follow that political action will improve the situation. democratic political decision-making will never be able to improve the efficiency of resource allocation.

The correct answer is the first option: Democratic political decision-making can be counted on to improve the efficiency or resource allocation.

Explanation:

To begin with, in the microeconomics theory, when there are external costs it means that people external to the transaction or situation are being involved in it and therefore that they are getting costs for that particular situation that they did not asked for it. That is why that according to the microeconomics theory when there are external situations to the market, this last one may sometimes not be able to efficiently allocate every resource to everybody and it is in that time when the government as a public state must entry in order to try its best to find the efficiency in the distribution of the limited resources.

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