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According to the Invisible Hand Theorem,when Competitive Markets Are Used

Question 50

Multiple Choice

According to the Invisible Hand Theorem,when competitive markets are used to allocate resources


A) no further gains from trade can be created.
B) selfish behavior will cause socially undesirable outcomes.
C) the resulting distribution of income will be fair and equitable.
D) each good's price will equal the value of the labor used in its production.

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