Markets fail to allocate resources efficiently when
a. demanders and suppliers cannot agree on a price.
b. goods are rival in consumption and excludable.
c. property rights are not well established.
d. too many buyers and sellers exist in the same market.
c
Economics
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What organization is most important due to its distribution of multilateral aid, its expertise in development, and its strong influence on other donors?
a. the World Bank b. the World Trade Organization c. the International Monetary Fund d. the UN Development Programme
Economics
When economists say that money promotes ________, they mean that money encourages specialization and the division of labor
A) bargaining B) contracting C) efficiency D) greed
Economics