Can the Market System Lead to an Efficient Outcome in a Market

Multiple Choice

Can the market system lead to an efficient outcome in a market for a good like ice cream cones

A) no, because based on the market system alone, an inefficient number of ice cream cones will be produced
B) yes, because at the market equilibrium, the sum of producer surplus and consumer surplus is minimized
C) yes, because price adjusts to determine the supply and demand of the ice cream cones and determine the market equilibrium
D) no, because the price established in the market will not reflect the true value of ice cream cones to consumers