Which of the following is a major implication of the invisible hand concept? Government-operated firms tend to have lower costs than private sector firms. Competition is harmful to the health of an economy because it results in wasteful duplication. O Prosperity cannot be achieved unless the selfish nature of people can be changed. When directed by competitive market prices, the actions of self-interested individuals will tend to promote overall economic prosperity. D Question 13 1 pts Which of the following best describes the system of social coordination called "the invisible hand," which was first described by Adam Smith? Central planners direct both the output of producers and the consumption of purchasers. Prices direct suppliers toward production of goods that generate profits, and consumers to purchase goods that improve their well-being. Producers control the price, output, and quality of goods and services. Consumers decide how to produce the most important goods and services