Which of the following represents the basic principle of public choice theory?
a. Politicians act consistently in the public’s interest.
b. Politicians follow their own self-interest and seek to maximize their re-election chances, rather than promote the best interests of society.
c. Politicians act in the public interest once they are elected, but follow their own self-interest and seek to maximize their re-election chances during a political campaign.
d. None of the above answers are correct.