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kow [346]
3 years ago
10

Markets always allocate resources in ways that meet ideal economic efficiency.

Business
1 answer:
Virty [35]3 years ago
5 0

Answer:

False. Markets can sometimes fail to reach efficiencies when there are externalities, public goods, monopoly, or serious information asymmetries

Explanation:

Invisible hand (effective allocation of resources in a laissez faire economy) sometimes works because when market function effectively and send correct price as signal of values (to society) to producers.

However, when goods can't be traded on markets (public goods) or its values are not correctly reflected on markets (externalities, information asymmetries) or competition is not ensured (monopoly), markets cannot ensure effective allocation of resources.

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Consumer Surplus

This is the difference between what consumers are willing and able to pay and what they actually do pay. You may be willing to spend up to $100 on a new pair of shoes but if you find the perfect pair on sale for $20 you will buy those and there will be an $80 surplus.

5 0
3 years ago
If hat size and iq are positively correlated, which of the following is true? people with large heads tend to have high iqs. peo
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People with large heads tend to have high iqs.
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3 years ago
"For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the:
evablogger [386]

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ability of the program to generate losses for tax purposes but provide positive cash flow.

Explanation:

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3 years ago
Stock may be described as:_________
nydimaria [60]

Answer:

a. an ownership interest in the corporation.

Explanation:

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Option a is right.

5 0
4 years ago
Sometimes you find yourself getting off-task because your boss keeps piling on the work, and you aren't sure what to prioritize.
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