Free Markets, by Definition, Must Always Be Efficient

question 150

True/False

Free markets, by definition, must always be efficient.

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Definitions:

Reportable

Pertains to information or incidents that must be officially recorded or disclosed, often in the context of legal, financial, or regulatory requirements.

Operating Segments

Components of a business that engage in operations that earn revenues, incur expenses, and are reviewed regularly by the company's management.

Reportable Segment

A component of a business that generates revenues and expenses related to the business’s operations, and whose financial results are regularly reviewed by the entity’s chief operating decision maker.

Minimum Revenue

The lowest amount of income considered acceptable or necessary for a company or project to stay viable.