This outcome in the market for hamburgers is economically because some hamburgers aren't made or sold because consumers value them higher than their opportunity cost of manufacture.
If all costs and benefits are covered by supply and demand curves, the market outcome is a quantity where marginal social costs and marginal social benefits are equal.
The majority of economists concur that more market-oriented economies produce better economic results, but they disagree on the precise ratio of markets to central planning that promotes stability, equity, and long-term gains.
An economic system known as a market economy is one in which business and individual people of a nation collectively engage to determine economic policy and the cost of goods and services. Government intervention and central planning are minimal.
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