Markets can fail to achieve efficiency when
A) there are prices consumers do not think are fair.
B) there are wages workers do not think are fair.
C) trade puts people out of work.
D) there are buyers or sellers without adequate information about the quality of goods.
Correct Answer:
Verified
Q2: Consider a two-good production economy in which
Q3: Under a perfectly competitive price system
A)an equitable
Q4: Each of the following factors might interfere
Q5: In free exchange among two individuals the
Q6: Suppose two goods (X and Y )are
Q7: Suppose goods X and Y are
Q8: Markets can fail to achieve efficiency when
A)there
Q9: Suppose goods X and Y are
Q10: In an economy consisting of only two
Q11: Suppose goods X and Y are
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