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.

Which of the following is a challenge of government setting a price floor? A risk of excess supply of the good A risk of excess demand for the good Prices falling below marginal cost Firms choosing to leave the market

A flood in a toy factory requires a factory owner to replace damaged tools and equipment. As a result of replacing all the tools and equipment, production costs at the factory increase. Which of these will be the most likely outcome of the increase in production costs for the factory? The demand for toys will increase. The sale of toys will increase. The supply of toys will increase. The price of toys will increase.

Online companies have transformed the way businesses find the best supplies at the best prices. True or False True False

Match each type of good with its associated market efficiency outcome

Trying to see what I misunderstood with this questions. Thank you!

The price of the Amazon Echo smart speaker is falling. In a free-market economic system where everything else is equal, the most likely explanation is     the government determined that the product was not worth its price tag.     sellers cannot keep up with market demand.     the product has competition at the equilibrium price.     there is a smart speaker shortage in the United States.