Efficient outcomes in markets are NOT dependent on:
A)perfect competition.
B)well-informed sellers.
C)well-informed buyers.
D)advanced technology.

Question

Quizplus · Accepted Answer

While advanced technology can certainly help facilitate efficient outcomes in markets, it is not necessarily a requirement for these outcomes. Perfect competition and well-informed sellers and buyers, however, are generally seen as key components of efficient markets.

Efficient Outcomes in Markets Are NOT Dependent On