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Group outcomes being improved through explainable recommendation systems is an example of using _______ to modify outcomes

A: Competition
B: Game theory
C: Privacy
D: Government

1 Answer

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Final answer:

Using government to modify outcomes can improve group outcomes, as governments play a role in promoting competition, enforcing laws, and regulating markets, which includes providing public services that compete with private offerings.

Step-by-step explanation:

Group outcomes being improved through explainable recommendation systems is an example of using government to modify outcomes. The task of public policy in relation to competition is to encourage beneficial behavior to the broader society while discouraging practices that benefit just a select few. Government’s involvement in economic affairs includes enforcing laws, regulating businesses, and ensuring fair competition. This role, as it pertains to blocking anticompetitive mergers, imposing regulations, and encouraging fair practices, is necessary to reinforce the incentives that come with competitive markets.

Furthermore, the government can also compete with the private sector by providing goods and services, such as through public schools and hospitals, which compete with private institutions. These different approaches used by the government to promote competition can be understood through the lens of public disclosure, which boosts competition and aligns with principles of market-based economies and the regulations that surround them.

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