Which of the Following Is Not a Characteristic of a Good

question 30

Multiple Choice

Which of the following is not a characteristic of a good market for goods and services?

• A) Timely and accurate information
• B) Liquidity
• C) Low transaction costs
• D) External efficiency
• E) All of the above are characteristics of a good market.

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Definitions:

Sales Revenues

The total amount of money generated from the sale of goods or services before any expenses are subtracted.

Prescription Medicine

Medications that can only be obtained with a written order from a licensed healthcare provider.

Histogram

A graphical representation of data that groups numbers into ranges, showing the frequency of data points within those ranges as bars.

Frequency Distribution

A statistical representation showing the number of observations within different intervals or categories.