Solved

A Perfectly Competitive Economy Generally Results in an Efficient Distribution

Question 43

Multiple Choice

A perfectly competitive economy generally results in an efficient distribution of products among consumers.This because competitive markets:


A) produce homogenous products.
B) establish a single price for all goods.
C) allow free entry and exit of firms.
D) are controlled by the government.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents