Markets usually lead to efficiency for all of the following reasons except: Businesses with high costs may not survive. Markets encourage specialization and trade. Businesses have incentives to sell what people want to buy. Markets increase people's incentive to be self-sufficient.

Markets usually lead to efficiency for all of the following reasons except: Businesses with high costs may not survive. Markets encourage specialization and trade. Businesses have incentives to sell what people want to buy. Markets increase people's incentive to be self-sufficient.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Markets usually lead to efficiency for all of the following reasons except:
Businesses with high costs may not survive.
Markets encourage specialization and trade.
Businesses have incentives to sell what people want to buy.
Markets increase people's incentive to be self-sufficient.

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