Which of the Following Is Not Correct

question 2

Multiple Choice

Which of the following is not correct?

• A)Market power can cause markets to be inefficient.
• B)When the decisions of buyers and sellers affect nonparticipants,markets may be inefficient.
• C)The tools of welfare economics cannot help economists when markets are inefficient.
• D)Externalities can cause markets to be inefficient.

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Definitions:

Philip Morris

An American multinational cigarette and tobacco manufacturing company, known for its Marlboro brand.

Horizontal Integration

An approach in which a business merges, acquires, or absorbs another business within the same sector at an identical production phase.

Productive Integration

refers to the effective assimilation and utilization of resources, systems, or workers within an organization or economy to maximize productivity.

Sourcing

The process of finding and selecting suppliers or sources from which goods and services are obtained.