An outcome is socially optimal if it:
A)is an equilibrium outcome.
B)leaves no unexploited opportunities for individuals.
C)is determined by the government.
D)maximizes total economic surplus.

Name: An outcome is socially optimal if it: A)is an equilibrium outcome. B)leaves no unexploited opportunities for individuals. C)is determined by the government. D)maximizes total economic surplus.
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Question

Quizplus · Accepted Answer

A socially optimal outcome is one that maximizes total surplus.

An Outcome Is Socially Optimal If It