B. can occur without a central planner or government intervention.
C. occur when a perfectly competitive, well-functioning market is in equilibrium.
D. All of these are true.
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A. involves objective analysis about the way things “are” or “is”.
B. involves value judgments concerning the desirability of alternative outcomes.
C. involves analysis that weighs the fairness of a policy.
D. none of the above. Get Economics homework help today
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