Multiple Choice
According to the concept of the "invisible hand," if Susie opens and operates a profitable childcare center, then
A) government should regulate the business to ensure quality.
B) the profit Susie earns indicates that she is overcharging for her services.
C) she has served society's interests by providing a desired good or service.
D) this demonstrates that consumer sovereignty is not present in this market.
Correct Answer:

Verified
Correct Answer:
Verified
Q118: In a market system,<br>A) firm owners and
Q119: Explain the main characteristics of a corporation.
Q120: (Consider This) The Bitcoin currency is issued
Q121: The two basic markets shown by the
Q122: The fundamental economic question regarding the distribution
Q124: Central planning in the Soviet Union and
Q125: Quantitative measures of managerial success, such as
Q126: The main characteristics of a modern market
Q127: In a command economy, the head of
Q128: According to the circular flow model of