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When Economists Talk About "Optimal Outcomes" in the Marketplace,they Mean

Question 94

Multiple Choice

When economists talk about "optimal outcomes" in the marketplace,they mean that


A) The allocation of resources by the market is perfect.
B) All the consumer desires are satisfied and business profits are maximized.
C) The allocation of resources by the market is likely to be the best possible,given scarce resources and income constraints.
D) Everyone who wants a good or service can have it.

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