When a Market Is Efficient

question 87

Multiple Choice

When a market is efficient:

• A)there is no way to make some people better off without making other people worse off.
• B)consumers who value buying a good the least are the ones who can purchase the good.
• C)producers whose willingness to accept a price above the market price can sell their good.
• D)there are ways to make everyone better off.

---

Definitions:

Very-Low-Birthweight

Refers to newborns who weigh less than 1,500 grams (approximately 3.3 pounds) at birth.

Infant's Weight

Refers to the body weight of a baby at birth and during the early stages of life, an important indicator of health and nutritional status.

Grams

are a unit of mass in the metric system, used to measure small quantities of matter.

Second Stage

In various contexts, this can refer to a subsequent phase or part of a process following an initial stage.