2737EconomicsMedium
In general, if a benevolent social planner wanted to maximize the total benefits received by buyers and sellers in a market, the planner should?
Achoose a price below the market equilibrium price
Bchoose a price above the market equilibrium price
Callow the market to seek equilibrium on its own.
DChoose any price the planner wants because the losses to the sellers (buyers) from any change in price are exactly offset by the gains to the buyers (sellers).
Correct answer
C. allow the market to seek equilibrium on its own.
Explanation
The correct answer is allow the market to seek equilibrium on its own..