The socially optimal outcome is the outcome that: Select one: a. has the most externalities. b. is most efficient for society as a whole, including for buyers, sellers, and bystanders. c. has the most benefits for society as a whole
The socially optimal outcome is the outcome that: Select one: a. has the most externalities. b. is most efficient for society as a whole, including for buyers, sellers, and bystanders. c. has the most benefits for society as a whole
Chapter14: Environmental Economics
Section: Chapter Questions
Problem 2SQ
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The socially optimal outcome is the outcome that:
Select one:
a. has the most externalities.
b. is most efficient for society as a whole, including for buyers, sellers, and bystanders.
c. has the most benefits for society as a whole, regardless of the costs involved.
d. benefits the largest number of people.
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