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

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 2SQ

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Question

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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