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Which of the Following Best Summarizes the Essence of the Invisible

Question 56

Multiple Choice

Which of the following best summarizes the essence of the Invisible Hand Theorem?


A) Competitive markets guarantee that any shortages or surpluses existing in an economy will be quickly eliminated.
B) Of all the possible economic systems,competitive markets are the most philosophically compatible with democracy and freedom.
C) Within competitive markets,people who selfishly pursue their own interests end up achieving a socially desirable outcome.
D) The social gain created by competitive markets is second only to what a hypothetical benevolent dictator could achieve.

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