Answer:
1. Give info to make informed choices.
2. Opportunity cost of decisions.
3. Achieve social efficiency
4. Can understand a consumer behaviour
5. Can fix any market failure, so as in life.
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Answers & Comments
Answer:
1. Give info to make informed choices.
2. Opportunity cost of decisions.
3. Achieve social efficiency
4. Can understand a consumer behaviour
5. Can fix any market failure, so as in life.