When consumers go to grocery stores to buy their turkeys for Thanksgiving dinner they may be disappointed that the price of turkey as high as it is. At the same time when farmers bring to market the turkeys they have raised they wish the price of turkey were even higher. These views are not surprising. Buyers always want to pay less and sellers always want to get paid more. But is there a right price for turkey from the standpoint of society as a whole. In previous , we saw how in market economies the forces of supply and demand determine the prices of goods and services and the quantities sold. So far however we have described the way markets allocate scarce resources without directly addressing the question of whether these market allocations are desirable. In other words our analysis has been positive rather than normative what should be. We Know that the price of turkey adjusts to ensure that the quantity of turkey supplied equals the quantity of turke...