168) In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should
Answer is:
allow the market to seek equilibrium on its own
Related Micro Economics MCQ (GK Set-1) with Answers
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free market solutions are efficient and free market solutions maximize total surplus
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are inefficient
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the quantity produced in the market maximizes the sum of consumer and producer surplus
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