Which of the Following Is NOT a Necessary Condition for an Efficient

question 26

Multiple Choice

Which of the following is NOT a necessary condition for an efficient market?

• A) many buyers and sellers
• B) no prohibitively high barriers to entry
• C) free and readily available information available to all participants
• D) no trading or transaction costs

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Definitions:

Moral Principle

A fundamental belief or value that guides behavior and decision-making based on notions of right and wrong.

Cross-Cultural Research

A research methodology that studies human behavior across different cultures to understand the impact of culture on behavior.

Collectivists

describes individuals or cultures that prioritize the group over individual interests, emphasizing community, cooperation, and interdependence.

Anal Fixation

A stage in Freudian psychoanalytic theory where an individual fails to progress beyond the anal stage of psychosexual development, leading to personality traits such as obsessiveness or stinginess.