The benefits a private decision-maker can appropriate are the:

Question

Quizplus · Accepted Answer

Private decision-makers can appropriate benefits that they can claim for themselves and dispose of as they wish. This means that they can enjoy the full benefits of their decisions without having to share them with others or allocate them according to a social planner's criteria. This allows them to pursue their own interests and maximize their utility, which can drive innovation, efficiency, and economic growth. However, this also means that they may not take into account the external costs or benefits that their decisions have on society as a whole, which can lead to suboptimal outcomes in terms of welfare and efficiency.

The Benefits a Private Decision-Maker Can Appropriate Are The