When economists talk about "optimal outcomes" in the marketplace,they mean that

Question

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"Optimal outcomes" in the marketplace refer to the best possible allocation of resources given the constraint of scarce resources and income limitations. It does not necessarily mean that all consumer desires are satisfied or that everyone who wants a good or service can have it, but rather that the market is likely to allocate resources in the most efficient way possible.

When Economists Talk About "Optimal Outcomes" in the Marketplace,they Mean