Business, 19.08.2020 16:01, hjamileth77
A benevolent social planner would prefer that the output of good x be decreased from its current level if, at the current level of output of good x, a. social cost = private cost = private value < social value. b. private cost < social cost = private value = social value. c. social value = private value = private cost < social cost. d. social cost = private cost = private value = social value.
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