An Outcome Is Socially Optimal If It

question 57

Multiple Choice

An outcome is socially optimal if it:

• A)follows from a market equilibrium.
• B)follows from collective action.
• C)leaves no money on the table.
• D)maximizes total economic surplus.

---

Definitions:

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.

Financial Investment

The allocation of resources, typically money, in the expectation of generating an income or profit.

Inbound Telemarketing

A marketing technique where potential customers call the company to inquire about products or services, often in response to advertising.

Toll-free Telephone Numbers

Special phone numbers that do not charge the caller, often used by businesses to encourage customer contact.