Which of the following statements is not correct? a. Market power can cause markets to be inefficient. b. The invisible hand can remedy all types of market failures. c. Externalities can cause markets to be inefficient. d. An invisible hand leads buyers and sellers to an equilibrium that maximizes total surplus.
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Home » Business » Which of the following statements is not correct? a. Market power can cause markets to be inefficient. b. The invisible hand can remedy all types of market failures. c. Externalities can cause markets to be inefficient. d.