Answered: Critically evaluate the below…

Critically evaluate the below statement. "Policy makers have their individual desires (utility maximisation behavior) but they have to make policy decisions to improve social welfare in the society."

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter7: Demand And Supply

Section: Chapter Questions

Problem 3AA

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Critically evaluate the below statement.

"Policy makers have their individual desires (utility maximisation behavior) but they have to make policy decisions to improve social welfare in the society."

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