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5 August, 23:51

A (hypothetical) benevolent social planner whose goal is to allocate resources with the greatest efficiency should:

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  1. 5 August, 23:54
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    Maximizing total surplus is the aim of a (hypothetical) benevolent social planner whose goal is to allocate resources with the greatest efficiency.

    To add, a social planner is a decision-maker who attempts to achieve the best result for all parties involved.
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