What Is the Invisible Hand Property 1

Multiple Choice

What is the Invisible Hand Property 1?

A) Central planners can achieve lower costs of production than self-interested profit-seeking firms.
B) In a free market, the total costs of producing output are minimized because each firm produces up to the point where P = MC.
C) Firms enter industries whenever P > AC.
D) Firms shut down whenever revenues are insufficient to cover variable costs.