Markets fail to allocate resources efficiently when
A) prices fluctuate.
B) people who have property rights abuse their privileges.
C) property rights are not well established.
D) the government refuses to intervene in private markets.

Question

Quizplus · Accepted Answer

Markets fail to allocate resources efficiently when property rights are not well established, as this leads to uncertainty and inefficiencies in the use and transfer of resources.

Markets Fail to Allocate Resources Efficiently When