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:

Sampling Distribution

The probability distribution of a given statistic based on a random sample, used in statistical hypothesis testing and estimation.

Observations

The act of monitoring or recording systematically selected variables to gather data or insights.

Defect Rate

The proportion of defective items or errors found in a batch of products, used as a measure of quality in manufacturing processes.

Confidence

A feeling or belief that one can rely on someone or something; firm trust.