In most cases, economic efficiency is achieved through:
A)incentives built into a market economy.
B)regulation.
C)individuals seeking out opportunities that involve no risk.
D)maximizing equity.

Question

Quizplus · Accepted Answer

Incentives built into a market economy, such as profit maximization and competition, encourage individuals and firms to allocate resources efficiently and produce goods and services that consumers want. Regulation and maximizing equity may be important goals, but they can also lead to trade-offs with economic efficiency. Seeking out opportunities that involve no risk is unlikely to achieve economic efficiency, as risk-taking is often necessary for innovation and growth.

In Most Cases, Economic Efficiency Is Achieved Through