Which of the following statements is FALSE regarding the way that a market allocates output across buyers?
A) Each buyer is pursuing their own self-interest.
B) Each unit of output goes to the person who would enjoy it the most.
C) There may be an unequal distribution of the product across buyers.
D) Willingness to pay has little impact on the distribution of goods.
Correct Answer:
Verified
Q81: Efficient allocation of output requires that:
A)each unit
Q82: (Figure: Marginal Benefit Curves) Use the graph
Q83: (Figure: Marginal Benefit Curves) Use the graph
Q84: (Figure: Marginal Benefit Curves) Use the graph
Q85: (Figure: Marginal Benefit Curves) Use the graph
Q87: Markets allocate goods to those with the:
A)most
Q88: (Figure: Marginal Benefit Curves 2) Use the
Q89: (Figure: Marginal Benefit Curves 2) Use the
Q90: (Figure: Marginal Benefit Curves 2) Use the
Q91: (Figure: Marginal Benefit Curves 2) Use the
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