Which of the Following Observations Is True

question 190

Multiple Choice

Which of the following observations is true?

• A)A market produced with allocative efficiency if a monopoly exists.
• B)A market can provide "public goods." 
• C)A market makes public and personal services inexpensive.
• D)A market distributes income equally.

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Definitions:

Graduation

The act of completing a course of study at an educational institution, usually marked by a ceremony to recognize academic achievement.

Small Businesses

Businesses with limited revenue and number of employees, distinct from medium-sized and large enterprises.

Economy

The system of production, distribution, and consumption of goods and services within a specific geographical area.

Entrepreneurs

Individuals who organize, operate, and assume the risk for a business venture.