Efficient markets:
A)maximize total surplus.
B)can occur without a central planner.
C)occur when a market is in equilibrium.
D)All of these are true.

Name: Efficient markets: A)maximize total surplus. B)can occur without a central planner. C)occur when a market is in equilibrium. D)All of these are true.
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Question

Quizplus · Accepted Answer

Efficient markets not only maximize total surplus but also occur without any central planner and are in a state of equilibrium. Therefore, all of the given options are true.

Efficient Markets