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    Principles of Microeconomics
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    Exam 7: Consumers, producers, and the Efficiency of Markets
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    When Economists Say That Markets Are Efficient,what Are They Assuming
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When Economists Say That Markets Are Efficient,what Are They Assuming

Question 179

Question 179

Multiple Choice

When economists say that markets are efficient,what are they assuming about markets


A) They are perfectly competitive.
B) They are not for illegal products.
C) They are regulated by the government.
D) They are monopolistic.

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