If There Are No Externalities,what Does the Invisible Hand Lead

question 28

Multiple Choice

If there are no externalities,what does the invisible hand lead a market to maximize

• A)producer profit from that market
• B)total benefit to society from that market
• C)both equity and efficiency in that market
• D)output of goods or services in that market

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Definitions:

Positive Point

A specific location or aspect that is considered beneficial, advantageous, or of a positive nature in a given context.

Engineering Notation

A variation of scientific notation in which powers of ten are used, restricted to multiples of three to facilitate easier reading and interpretation by engineers.

Resistance

The property of a material or circuit that opposes the flow of electric current, converting electrical energy into heat.

Applied

In general context, "applied" refers to something that has been put to practical use or implemented in a real-world scenario, as opposed to being theoretical.