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Posts: 195
A month ago
Adam Smith taught that individual buyers and sellers who act in their own self-interest frequently promote society's interest. What assumption is needed for society's interest to be promoted?

▸ Buyers and sellers can make informed decisions.

▸ There are no external benefits or costs.

▸ Markets are perfectly competitive.

▸ all of the above
Textbook 

Microeconomics: Principles, Applications, and Tools

Edition: 8th
Authors:
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Posts: 227
Rep: 9 0
A month ago
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all of the above
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wrote...
A month ago
Exactly what I needed for my project, TYSM
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