A. maximize total surplus.
B. can occur without a central planner or government
C. occur when a perfectly competitive, well-functioning market is in equilibrium.
D. All of these are true.
A. involves objective analysis about the way things are or is.
B. involves value judgments concerning the desirability of aernative outcomes.
C. involves analysis that weighs the fairness of a policy.
D. none of the above.