The efficiency of market organization is dependent on which of the following?
A) well-regulated supply and demand
B) the availability of low cost resources and high tariffs on foreign imports
C) competitive markets and well-defined and enforced private property rights
D) Government establishment of the invisible hand principle and the inelasticity of certain goods.

Question

Quizplus · Accepted Answer

Competitive markets and well-defined and enforced private property rights are crucial for market efficiency as they ensure that resources are allocated efficiently and that individuals have the incentive to invest and innovate.

The Efficiency of Market Organization Is Dependent on Which of the Following