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According to Hayek,a Social Planner Has No Hope of Matching

Question 25

Multiple Choice

According to Hayek,a social planner has no hope of matching the efficiency of a competitive pricing system because


A) no social planner can be completely benevolent in his actions.
B) a social planner cannot have access to the specialized knowledge of individuals.
C) the social planner will be unable to fully monitor the activities of his agents.
D) people are selfish and will not be actively altruistic to the social planner.

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