Many persons object to the results of the competitive market system because
A)it takes too much energy to coordinate activities.
B)efficient outcomes may not be compatible with their ideas of a fair distribution.
C)a few people can control all economic activity.
D)it fosters high rents and low beef prices.

Question

Quizplus · Accepted Answer

While the competitive market system can lead to efficient outcomes, there is no guarantee that these outcomes will be considered fair by all individuals. Some may feel that certain groups or individuals are benefiting unfairly or that the distribution of resources is not equitable. This can lead to objections and calls for alternative systems or interventions. Option A is not a typical objection to the competitive market system, and option C is a concern more relevant to monopolies or oligopolies. Option D is a specific example and not a broad objection to the system as a whole.

Many Persons Object to the Results of the Competitive Market