ch消费者生产胡须者与市场效率.pptVIP

* Is the market’s allocation of resources desirable? This question is important, because the answer to it has implications for the proper role and scope of government. If the market’s allocation is generally desirable, then the role of government should be limited to the protection of property rights, national defense and so forth. If not, then public policy may potentially be able to improve upon the market’s allocation. * It may be worth reminding your students that, at each Q, the height of the D curve is the marginal buyer’s valuation of the good. Hence, the buyers from 0 to 15 all