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:

Frequency Distribution

A statistical tool that illustrates how often each value in a set of data occurs.

Test Grades

Assessments of a student's performance or understanding in educational settings, usually quantified as scores or letters.

Statistical Terms

Phrases and expressions used to describe, summarize, and analyze quantitative data.

Group Means

The average values obtained from groups of data points which are often used in statistical analysis to represent the central trend of each group.