A Central Planner Can Only Allocate Production Across Firms in a Way

question 17

Multiple Choice

A central planner can only allocate production across firms in a way that minimizes total costs if:

• A) the market is a perfectly competitive market.
• B) the central planner has perfect information on the firms' costs.
• C) free markets fail to achieve this kind of efficiency.
• D) the costs of production are equal across all firms.

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The amount of dietary fats consumed, which is a crucial aspect of nutrition and health.

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