Markets provide the efficient amount of a good or service when
A) externalities are present.
B) monopoly exists.
C) public goods are present.
D) competition is present and externalities and public goods are absent.

Question

Quizplus · Accepted Answer

Markets are most efficient when there is competition and no externalities or public goods, as these factors can lead to market failures.

Markets Provide the Efficient Amount of a Good or Service