When the invisible hand does not produce optimal outcomes for the economy,there is evidence of
A)Market failure.
B)Government failure.
C)Macroeconomic failure.
D)Scarcity.

Question

Quizplus · Accepted Answer

When the invisible hand does not produce optimal outcomes, it indicates market failure, which occurs when the market fails to allocate resources efficiently. This can result in negative externalities, information asymmetry, and public goods failures, among other things.

When the Invisible Hand Does Not Produce Optimal Outcomes for the Economy,there