Which of the following is an important ingredient of efficient economic organization?
A)high marginal tax rates
B)competitive markets
C)rapid increases in the money supply
D)imposition of high tariffs that will protect domestic producers from the ravages of foreign competition

Question

Quizplus · Accepted Answer

Competitive markets are crucial for efficient economic organization as they encourage innovation, efficiency, and the optimal allocation of resources.

Which of the Following Is an Important Ingredient of Efficient