Which of the following is true?
A)Successful firms have lower transactions costs than markets do
B)A legal system that protects ownership rights is critical to the efficient functioning of firms and markets
C)Markets measure and reward performance
D)Markets allocate resources to their highest value use
E)All of the choices

Question

Quizplus · Accepted Answer

All of the choices are true. Successful firms typically have lower transactions costs than markets do, a legal system that protects ownership rights is critical to the efficient functioning of firms and markets, markets measure and reward performance, and markets allocate resources to their highest value use.

Which of the Following Is True