When a Market Is Efficient

question 87

Multiple Choice

When a market is efficient:

• A)there is no way to make some people better off without making other people worse off.
• B)consumers who value buying a good the least are the ones who can purchase the good.
• C)producers whose willingness to accept a price above the market price can sell their good.
• D)there are ways to make everyone better off.

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Definitions:

Oregon

Located in the Pacific Northwest of the United States, this state features a range of environments, from urban centers and agricultural lands to forested and mountainous areas.

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Production Career Path

A career trajectory focused on the areas of producing, manufacturing, and overseeing the creation of goods or services.

Oregon

A state in the Pacific Northwest region of the United States, known for its diverse landscapes of forests, mountains, farms, and beaches.