It Is Easier for Buyers and Sellers to Exchange and Process

question 143

True/False

It is easier for buyers and sellers to exchange and process price information in market systems than in nonmarket systems.

---

Definitions:

Exponential Distribution

A probability distribution used to model the time between events in a process where events occur continuously and independently at a constant average rate.

Greatest Density

Refers to the area in a distribution or data set where points are most tightly clustered.

Normally Distributed

Describes a statistical distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.