QuestionJuly 26, 2025

Private markets: A are generally efficient B provide freedom for consumers and producers C will sometimes fail to produce the efficient quantity D All of the above

Private markets: A are generally efficient B provide freedom for consumers and producers C will sometimes fail to produce the efficient quantity D All of the above
Private markets: A are generally efficient B provide freedom for consumers and producers C will sometimes fail to produce the efficient quantity D All of the above

Solution
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Answer

C will sometimes fail to produce the efficient quantity Explanation 1. Analyze each option A - Private markets are not always efficient due to market failures. B - They provide freedom for consumers and producers in decision-making. C - Market failures can lead to inefficiencies in quantity produced. 2. Determine the correct answer Since private markets can fail to produce efficient quantities, option C is correct. Option D is incorrect because A is not true.

Explanation

1. Analyze each option<br /> A - Private markets are not always efficient due to market failures. B - They provide freedom for consumers and producers in decision-making. C - Market failures can lead to inefficiencies in quantity produced.<br /><br />2. Determine the correct answer<br /> Since private markets can fail to produce efficient quantities, option C is correct. Option D is incorrect because A is not true.
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