In the absence of externalities,the "invisible hand" leads a market to maximize
A) producer profit from that market.
B) total benefit to society from that market.
C) both equity and efficiency in that market.
D) output of goods or services in that market.
Correct Answer:
Verified
Q2: An externality
A)is a type of market failure.
B)causes
Q4: One advantage market economies have over other
Q9: One of the Ten Principles of Economics
Q11: An externality exists whenever
A)the economy can benefit
Q117: Which of the following statements about a
Q442: Market failure can be caused by
A)too much
Q447: The term market failure refers to
A)a market
Q448: An externality is the impact of
A)society's decisions
Q461: When externalities exist, buyers and sellers
A)neglect the
Q477: When externalities are present in a market,
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