When the Market Does Not Lead to an Optimal Allocation

question 144

Multiple Choice

When the market does not lead to an optimal allocation of resources,there must be

• A)Too much regulation.
• B)A market failure.
• C)Proper antitrust laws in place.
• D)A competitive market structure.

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Definitions:

Stairs

A set of steps or flights of steps for passing from one level to another, often inside or outside buildings.

Steep

Descriptive of an object or a surface having a sharp inclination or angle.

Perceives

The process of becoming aware of something through the senses.

Softball

A team sport similar to baseball but played with a larger ball on a smaller field and notably includes underhand pitching.