Micro_economic_EFFICIENCY_AND_EQUITY教材教学课件.ppt

5;Every time you order a pizza or buy a Valentine’s Day rose, you express your view about how scarce resources should be used. You make choices in your self-interest. Markets coordinate your choices along with those of everyone else. But do markets do a good job? Do they enable our self-interest choices to be in the social interest? Do markets produce a fair outcome?;Resource Allocation Methods;Market Price When a market allocates a scarce resource, the people who get the resource are those who are willing to pay the market price. Most of the scarce resources that you supply get allocated