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Mathematics, 16.12.2019 22:31 avree6692

9. would the maximin criterion achieve perfect income equality? a. yes. there would be no way to reallocate resources to raise the utility of the poor. b. yes. the maximin criterion would eliminate poverty. c. no. it is impossible for complete equality to benefit the worst-off people in society. d. no. complete equality would reduce incentives to work, which would reduce total income, which would reduce the incomes of the worst-off people in society.

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