Multiple Choice
The "invisible hand" refers to
A) the marketplace guiding the self-interests of market participants into promoting general economic well-being.
B) the fact that social planners sometimes have to intervene,even in perfectly competitive markets,to make those markets more efficient.
C) the equality that results from market forces allocating the goods produced in the market.
D) the automatic maximization of consumer surplus in free markets.
Correct Answer:

Verified
Correct Answer:
Verified
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Q46: Figure 7-23 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 7-23
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