The Efficiency of Market Organization Is Dependent on Which of the Following

question 358

Multiple Choice

The efficiency of market organization is dependent on which of the following?

• A) well-regulated supply and demand
• B) the availability of low cost resources and high tariffs on foreign imports
• C) competitive markets and well-defined and enforced private property rights
• D) Government establishment of the invisible hand principle and the inelasticity of certain goods.

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