What price would the theory of consumer surplus recommend for a nationalised industry? What criticisms are there of this policy, (a) from a practical viewpoint in these industries and (b) due to the...

What price would the theory of consumer surplus recommend for a nationalised industry? What criticisms are there of this policy, (a) from a practical viewpoint in these industries and (b) due to the shortcomings of consumer surplus as a welfare indicator?



May 26, 2022
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