Multiple Choice
A benevolent social planner would prefer that the output of good x be increased from its current level if, at the current level of output of good x,
A) social value = private value = private cost < social cost.
B) social cost > private value = social value > private cost.
C) social cost = private cost = private value < social value.
D) social value = private cost = social cost > private value.
Correct Answer:
Verified
Correct Answer:
Verified
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