MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
| 1. |
In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should? |
| A. | choose a price below the market equilibrium price |
| B. | allow the market to seek equilibrium on its own. |
| C. | Choose any price the planner wants because the losses to the sellers (buyers) from any change in price are exactly offset by the gains to the buyers ( |
| D. | choose a price above the market equilibrium price |
| Answer» C. Choose any price the planner wants because the losses to the sellers (buyers) from any change in price are exactly offset by the gains to the buyers ( | |