Markets always allocate resources in ways that meet ideal economic efficiency.
True. Market encourages people to create value
True. The invisible hand guarantees good market results
False. The invisible hand never works
False. Markets can sometimes fail to reach efficiencies when there are externalities, public goods, monopoly, or serious information asymmetries
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Markets always allocate resources in ways that meet ideal economic efficiency. True. Market encourages people to create value True. The ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » Markets always allocate resources in ways that meet ideal economic efficiency. True. Market encourages people to create value True. The invisible hand guarantees good market results False. The invisible hand never works False.