Which of the following statements is not correct?
A) An invisible hand leads buyers and sellers to an equilibrium that maximizes total surplus.
B) Market power can cause markets to be inefficient.
C) Externalities can cause markets to be inefficient.
D) The invisible hand can remedy all types of market failures.
Correct Answer:
Verified
Q1: Externalities are
A)side effects passed on to a
Q2: The decisions of buyers and sellers that
Q4: Which of the following is not correct?
A)Market
Q5: Market power and externalities are examples of
A)laissez-faire
Q6: Market power refers to the
A)side effects that
Q7: Inefficiency can be caused in a market
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