At times, there are conflicts between market outcomes that are efficient and outcomes that society deems fair.

Question

Quizplus · Accepted Answer

This is true because market outcomes may not take into consideration certain social factors such as income inequality, access to healthcare and education, or environmental impacts. While the market may achieve efficiency in terms of producing and distributing goods and services, society may view those outcomes as unfair or unjust.

At Times, There Are Conflicts Between Market Outcomes That Are