The Term for a Market That Is Totally Efficient, with Perfect

question 13

True/False

The term for a market that is totally efficient, with perfect information and zero transaction costs, is a "complete" market.

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Definitions:

Plant Root

The part of a plant that typically lies below the surface of the soil and functions in anchorage, water and nutrient absorption, and sometimes in storage.

Club Fungi

A group of fungi characterized by the production of spores on club-shaped structures called basidia.

Ascomycota

Ascomycota, also known as sac fungi, is a division of fungi that store their spores in a sac-like structure called an ascus.

Basidiomycota

A phylum of fungi characterized by producing spores on basidia, often found as mushrooms, toadstools, smuts, rusts, and puffballs.