Welfareeconomicsexplainswhichofthefollowinginthemarketfortelevisions?
A.
Th e governmen t set s th e pric e o f televisions ; firm s respon d t o th e pric e b y producin g a specifi c leve l of output.
B.
Th e governmen t set s th e quantit y o f televisions ; firm s respon d t o th e quantit y b y chargin g a specifi c price.
C.
Th e marke t equilibriu m pric e fo r television s maximize s th e tota l welfar e o f televisio n buyer s an d sellers.
D.
Th e marke t equilibriu m pric e fo r television s maximize s consume r welfar e an d minimize s produce r profit.