Which question is least important to institutional microeconomists?
A) the allocative role of markets
B) how markets come into being in the first place
C) how markets can be designed to increase economic welfare

Question

Quizplus · Accepted Answer

Institutional microeconomists focus on the origins, evolution, and functioning of institutions (including markets) and how they can be designed or reformed to improve economic outcomes. The allocative role of markets, while a fundamental concept in microeconomics, is less specific to the institutional perspective, which is more concerned with the underlying structures and mechanisms that enable markets to function and be improved.

Which Question Is Least Important to Institutional Microeconomists