According to the textbook, markets usually lead to efficiency.

Name: According to the textbook, markets usually lead to efficiency.
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Quizplus · Accepted Answer

Markets incentivize producers to allocate resources efficiently in order to maximize profitability, and encourage competition which drives innovation and lowers prices. Consumers, in turn, benefit from a wide variety of choices and lower prices. Therefore, markets often lead to efficiency.

According to the Textbook, Markets Usually Lead to Efficiency