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Free Markets and Efficiency

The total sur...

Question

The total surplus is maximised in the form of economy.

A

capitalist

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B

socialist

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C

communist

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D

laissez faire

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Solution

The correct option is D laissez faire
The total surplus is maximised in the laissez faire form of economy. This is an economy with no control or regulation i.e. a market left to itself. Such a market achieves economic eficiency.

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