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Which of the following is a key feature of welfare economics?

AFocus on market efficiency only

BMaximization of social welfare

CPromotion of monopolies in the market

DElimination of government intervention

Answer:

B. Maximization of social welfare

Read Explanation:

A fundamental principle of welfare economics is the maximization of social welfare, which involves evaluating how resources can be allocated in a way that enhances the overall well-being of society.


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