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 markets with imperfect competition.
d
Economics
You might also like to view...
On the graph above, the amount of inventory depletion will be greatest if the economy is moving from point ________ to point ________
A) A; D B) D; A C) D; C D) B; A E) B; C
Economics
The purpose of an effluent fee imposed on a firm is
A) to increase output of its product by increasing the resources allocated to production. B) to increase output of its product by reducing the resources allocated to production. C) to reduce output by increasing production costs thereby reducing resources used. D) none of the above
Economics