If a Market Is Efficient, Then

question 41

Multiple Choice

If a market is efficient, then

• A) the market allocates buyers to the sellers who can produce the good at least cost.
• B) all of these answers.
• C) the quantity produced in the market maximizes the sum of consumer and producer surplus.
• D) the market allocates output to the buyers that value it the most.

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Definitions:

Voucher System

An accounting system used to control and monitor disbursements by ensuring that all cash disbursements are properly authorized and documented.

Liabilities

Obligations that a company owes to others, including loans, accounts payable, mortgages, and other debts.

Signature Cards

Documents that a bank or financial institution requires account holders to sign, creating a record of the account holder's signature for verification purposes.

Deposit Tickets

Paper forms used to credit deposited funds to a bank account.