Multiple Choice
Many persons object to the results of the competitive market system because
A) it takes too much energy to coordinate activities.
B) efficient outcomes may not be compatible with their ideas of a fair distribution.
C) a few people can control all economic activity.
D) it fosters high rents and low beef prices.
Correct Answer:

Verified
Correct Answer:
Verified
Q94: The market allocates goods to individuals according
Q95: Milk costs $2 and the last unit
Q96: The coordination task of dividing products among
Q97: Under perfect competition, the lure of profits
Q98: There are only two people in the
Q100: An economy consists of two goods: beef
Q101: Efficiency in the choice of outputs requires
Q102: Which of the following statements concerning efficiency
Q103: The invisible hand enforces the tendency toward<br>A)MR
Q104: Lower prices are always better for society.