D13 12 2.859 In social welfare it is always the goal to maximize consumer surplus True...

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Answer 1

Answer #1

It is true, that in social Welfare it is always the goal to maximize consumer surplus.

But here i also clear that with consumer surplus producer surplus maximize is also goal.

Social Welfare

Total social welfare is the sum of consumer and producer surplus

SW = CS + PS

Our objective is to maximize Social Welfare

Answer 2

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