Examlex
Assuming semi- strong form efficiency,which of the following statements is incorrect?
Government Enforcement
Refers to the actions and measures taken by government authorities to ensure compliance with laws, regulations, and policies.
Private-Sector Coercion
The exertion of pressure or compulsion on individuals or entities by private organizations or businesses, rather than by governments.
Market Economy
An economic system in which production and prices are determined by unrestricted competition between privately owned businesses, without substantial government intervention in the form of price controls.
Economic Efficiency
A situation where all resources are optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.
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