Free Markets Are Efficient Because They Allocate Output to Buyers

question 19

True/False

Free markets are efficient because they allocate output to buyers who have a willingness to pay that is below the price.

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Definitions:

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Prehistoric drawings, paintings, or carvings found on the walls of caves, representing one of the earliest forms of human expression and creativity.

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The theory that society's technology determines its cultural values, social structure, or history.

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Factors or agents that induce or facilitate alterations in a system, behavior, or environment.

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An American author, educator, and media theorist known for his works on the impact of media and technology on society.