As a Method of Resource Allocation, Market Price

question 408

Multiple Choice

As a method of resource allocation, market price

• A) means those who are willing and able to pay get a particular good or service.
• B) works well when self-interest must be suppressed.
• C) works best inside firms and government departments.
• D) is efficient when there is no effective way to distinguish among potential users of a scarce resource.

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