[Answered] A competitive market is always efficient. Indicate whether the statement is true or ...

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Author Question: A competitive market is always efficient. Indicate whether the statement is true or ... (Read 60 times)

lindiwe

Hero Member
Posts: 577

on: Jun 29, 2018

A competitive market is always efficient.

Indicate whether the statement is true or false

Question 2

The incidence of the tax between buyers and sellers depends only on the elasticity of demand.

Indicate whether the statement is true or false

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Marked as best answer by a Subject Expert

prumorgan

Sr. Member
Posts: 326

Reply #1 on: Jun 29, 2018

Answer to Question 1

FALSE

Answer to Question 2

FALSE

lindiwe

Member
Posts: 577

Reply 2 on: Jun 29, 2018

Thanks for the timely response, appreciate it

Missbam101

Member
Posts: 341

Reply 3 on: Yesterday

YES! Correct, THANKS for helping me on my review

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