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AP Microeconomics
Unit 6 – Market Failure and the Role of Government
Topic 6.1
What is the main reason why socially efficient market outcomes are considered optimal?
They maximize individual producers' financial benefits.
They disregard externalities and focus only on private costs and benefits.
They take into account all internal and external costs and benefits.
They minimize individual consumers' costs.
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AP Microeconomics - 6.1 Socially Efficient and Inefficient Market Outcomes
Key terms
Socially Efficient Market Outcomes
Optimal
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About Us
About Fiveable
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Careers
Testimonials
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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