A well-functioning market will have high monetary costs applied to high opportunity costs.

Name: A well-functioning market will have high monetary costs applied to high opportunity costs.
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Question

Quizplus · Accepted Answer

A well-functioning market will have high monetary costs applied to high opportunity costs because the monetary costs reflect the value of the resources used in production, and the opportunity costs reflect the value of the alternative uses of those resources.

A Well-Functioning Market Will Have High Monetary Costs Applied to High