One of the Drawbacks of Free Markets Is the Fact

question 5

True/False

One of the drawbacks of free markets is the fact that competition in such markets undermines the ability of price to adjust to its equilibrium value in the long run.

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Definitions:

Leader

A person who influences and guides others towards achieving a common goal.

Unified Commitment

A collective dedication to a common goal or purpose, where all members of a group or organization are engaged and cooperative.

Leader

An individual who leads or steers a team in the pursuit of a shared objective.

Virtual Teams

Groups of people who work together over distance via electronic communications technology, such as email, chat, and video conferences, to achieve a common goal.