Market Efficiency Is Typically Achieved By

question 28

Multiple Choice

Market efficiency is typically achieved by:

• A) a small number of dominant firms whose large size ensures low cost.
• B) large firms that practice corporate social responsibility.
• C) competitive firms that maximize benefits for consumers.
• D) command-and-control type regulation of the market.
• E) firms that make positive economic profits.

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Definitions:

Thermometer

An instrument used to measure temperature.

Triage

The method of establishing the treatment priority for patients according to how severe their condition is.

Malignant

Refers to cells or tumors that are cancerous and have the potential to spread to other parts of the body.

Antitussive

A medication or treatment designed to suppress or relieve coughing.