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Why does the goal of efficiency conflict with equity?
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- The trade-off between efficiency and equity is of great importance to economists. Why are economists so concerned about the impact of government policies and actions on efficiency and equity? Base your answer on economic theory.How does stakeholder emphasis of the creation of stakeholder value differ from the economic model?If a company cannot succeed while also providing fair working conditions and operating in a sustainable manner, should it be allowed to succeed at all? Explain.