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Business, 12.08.2020 08:01 cheylee123456

A benevolent social planner would prefer that the output of good x be decreased from its current level if, at the current level of output of good x a. social cost = private cost = private value < social value.
b. private cost < social cost = private value = social value.
c. social value = private value = private cost < social cost.
d. social cost = private cost = private value = social value.

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