Which of the Following Is Not True

question 148

Multiple Choice

Which of the following is not true?

• A) In a competitive market, in the long run, price will equal marginal cost.
• B) For resource allocation to be efficient, property rights must be exclusive and nontransferable.
• C) A common property resource is unlikely to be allocated efficiently in the marketplace.
• D) All of the above are true.

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Definitions:

Conditional Sentence

A form of judicial punishment that allows an offender to serve a sentence outside of custody, under specific conditions.

Wireless Internet

A method of accessing the internet without the need for physical connections, using radiofrequency waves to transmit data.

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Springfield, the city designated as the state capital of Illinois, USA.

Largest City

This term refers to the city with the greatest population or area within a specified region, country, or the world.