Which of the Following Is True of a Competitive Market

Multiple Choice

Which of the following is true of a competitive market?

A) The outcome of a competitive market is fair and equitable.
B) Competitive markets yield efficient outcomes.
C) Competitive markets allow consumers to gain at the expense of producers.
D) Competitive markets provide significant economic profits to producers in the long run.
E) Competitive markets promote business by allowing producers to gain at the expense of consumers.