Which of the following is not a requirement for markets to be efficient?
A) perfect information
B) rational behavior by all agents
C) complete markets
D) competition in production
E) the absence of transaction costs
Correct Answer:
Verified
Q12: The next questions refer to the following.
Suppose
Q13: Which of the following is a transfer
Q14: Which of the following is a pure
Q15: If markets are Pareto efficient,
A) no one
Q16: Which of the following is not generally
Q18: Which of the following is a justification
Q19: The problem with public goods is that
A)
Q20: In most developed economies,public spending on national
Q21: By the start of the 21st century,the
Q22: When government runs a budget deficit,
A) interest
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