Markets Can Allocate Resources Efficiently Only as Long as _____

Multiple Choice

Markets can allocate resources efficiently only as long as _____

A) property rights are well defined and can be easily enforced.
B) property rights are well defined but not easily enforced.
C) property rights are not defined but can be easily enforced.
D) property rights are not defined and not easily enforced.
E) a nonrenewable resource has been used in the production of the good.