A Market Will Be Efficient Even If There Is Imperfect

question 15

True/False

A market will be efficient even if there is imperfect information as long as the market is competitive.

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Definitions:

Authority Ranking

A form of social hierarchy where individuals or groups are ranked according to their power, authority, or level of influence.

One-to-one

A direct interaction or relationship between two entities without intermediary involvement.

Correspondence

Communication by exchanging letters or the similarity and compatibility between two or more things.

Distributive Justice

A concept concerning the fair allocation of resources among diverse members of a community.