When a Market Is Internally Efficient, It Means That the Market

question 77

Multiple Choice

When a market is internally efficient, it means that the market has

• A) price continuity.
• B) minimal transactions costs.
• C) good depth.
• D) more buyers than sellers.
• E) more sellers than buyers.

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Definitions:

Ego

The ego, in psychology, represents the realistic part of the mind that mediates between the desires of the id, the moralizing role of the superego, and the external world.

Psychosexual Stages

A Freudian theory that developmental stages beginning in infancy during which the pleasure-seeking energies of the id become focused on certain erogenous zones.

Pleasure-Seeking Energies

Pleasure-Seeking Energies involve the basic drives and instincts that compel individuals to seek out experiences or objects that provide gratification and enjoyment.

Conflict

A situation or process in which individuals, groups, or interests are in opposition, leading to disputes or confrontations.