Which feature of a market would contribute most to overall social welfare?

Question

Quizplus · Accepted Answer

Without further information about society's preferences, it is difficult to determine which feature would contribute most to overall social welfare. For example, low prices and high outputs may benefit consumers but harm producers, while the invention of new products may benefit some individuals but have negative externalities for others. Therefore, a thorough analysis of society's preferences and values is necessary to determine which market feature would contribute most to overall social welfare.

Which Feature of a Market Would Contribute Most to Overall