When a market is efficient,
A)there is no exchange that can make anyone better off without someone becoming worse off.
B)a central planner must be involved.
C)only increased prices can benefit those involved.
D)None of these is true.

Question

Quizplus · Accepted Answer

In an efficient market, resources are allocated in a way that no one can be made better off without making someone else worse off, which is known as Pareto efficiency.

When a Market Is Efficient