Markets provide the efficient amount of a good or service when
a. externalities are present.
b. monopoly exists.
c. public goods are present.
d. competition is present and externalities and public goods are absent.
D
Economics
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What is the relationship between the gross domestic product of a country and its gross national product?
What will be an ideal response?
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The federal funds rate is determined in which of the following markets?
A) the market for U.S. treasury securities B) the money market C) the bond market D) the market for central bank money E) none of the above
Economics