When Markets Don't Achieve Efficiency

question 5

Multiple Choice

When markets don't achieve efficiency:

• A)they must achieve equity.
• B)government must be participating in the market.
• C)government may intervene to improve society's welfare.
• D)they should be closed.

---

Definitions:

Atomic Weight

The average mass of atoms of an element, calculated using the relative abundance of isotopes in a naturally-occurring element.

Structural Formula

A type of chemical formula that shows the spatial arrangement of the atoms in a molecule. Compare with the simplest formula and molecular formula.

Molecular Formula

The type of chemical formula that gives the actual numbers of each type of atom in a molecule. Compare with simplest formula and structural formula.

Lewis Structure

A graphical representation of the valence electrons in molecules, showing how the atoms are bonded together and the lone pairs of electrons.