All the following,except one,are benefits of the perfectly-competitive market system.Which is the exception?
A)It is productively efficient.
B)It ensures that income is fairly distributed.
C)It is allocatively efficient.
D)It is a costless system.

Question

Quizplus · Accepted Answer

While a perfectly-competitive market system is known for its efficiency and effectiveness in allocating resources, it does not guarantee fair income distribution. In fact, the competition may lead to an unequal distribution of income, with some firms and individuals benefiting more than others. Hence, B is the exception.

All the Following,except One,are Benefits of the Perfectly-Competitive Market System