Even If a Market Outcome Is Efficient, It May Not

question 182

True/False

Even if a market outcome is efficient, it may not be equitable.

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Definitions:

Lower-Consensus Deviance

Acts or behaviors that are not widely agreed upon as deviant by society, often resulting in varied reactions and sanctions.

Recreational Drug Use

The use of psychoactive substances without medical justification for their psychoactive effects.

Premarital Sex

Sexual activity engaged in by individuals before they are married.

Higher-Consensus Deviance

Actions widely agreed upon within a society to be deviant or socially unacceptable.