An example of an institutional requirement for the operation of effective private markets is

Question

Quizplus · Accepted Answer

Enforcement of contracts is an institutional requirement for the operation of effective private markets because it helps ensure that all parties involved in a transaction fulfill their obligations and that there are consequences for those who do not. This encourages trust and confidence in the market, which is essential for its proper functioning. The other options, such as the ability of government to correctly project trends or the ability of advertisers to influence consumers, are not institutional requirements for private markets.

An Example of an Institutional Requirement for the Operation of Effective