Efficient Markets

question 101

Multiple Choice

Efficient markets:

• A) maximize total surplus.
• B) can occur without a central planner.
• C) occur when a perfectly competitive, well-functioning market is in equilibrium.
• D) All of these are correct.

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Definitions:

Concern For Goals

Concern for goals signifies the importance placed on setting, pursuing, and achieving specific objectives or targets.

Dominate

To have control or exert power over others, often characterizing relationships or interactions where one party has a significant influence over another.

Oblige

To compel someone to do something by moral, legal, or social pressure; an act of providing a service or favor out of duty.

Concern For Self

The consideration and care for one's own interests, well-being, or safety.