Markets can be described as highly efficient coordinating mechanisms that
A) Remove the need for organisations
B) Require no further regulation
C) Are based on unenforceable contracts
D) Bring supply and demand together

Question

Quizplus · Accepted Answer

Markets bring together supply and demand, allowing for the efficient allocation of resources through the price mechanism. While markets may still require some regulation to function properly, they do not necessarily remove the need for organizations nor are they based on unenforceable contracts.

Markets Can Be Described as Highly Efficient Coordinating Mechanisms That