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  3. Study Set
    Principles of Microeconomics
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    Exam 12: General Equilibrium and the Efficiency of Perfect Competition
  5. Question
    Suppose a New Government Policy Generates $6,000 of Benefits for Local
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Suppose a New Government Policy Generates $6,000 of Benefits for Local

Question 165

Question 165

Multiple Choice

Suppose a new government policy generates $6,000 of benefits for local businesses and $4,000 of costs. We can best describe the policy as


A) Pareto efficient.
B) inefficient.
C) potentially efficient.
D) equitable.

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