The invisible-hand concept suggests that.
Aprofit maximization is inconsistent with an efficient allocation of resources.
Bgovernment action is necessary to correct for market failures.
Cwhen firms maximize their profits, society's output will also be maximized.
Dchanges in product demands are only randomly reflected in changes in the demands for resources.
Aprofit maximization is inconsistent with an efficient allocation of resources.
Bgovernment action is necessary to correct for market failures.
Cwhen firms maximize their profits, society's output will also be maximized.
Dchanges in product demands are only randomly reflected in changes in the demands for resources.