Question
Which statement is NOT an important function of an efficient market? Group of answer choices It ensures that every potential buyer who doesn't make a
Which statement is NOT an important function of an efficient market?
Group of answer choices
It ensures that every potential buyer who doesn't make a purchase values the good less than every potential seller who doesn't make a sale, so that no mutually beneficial transactions are missed.
It allocates sales to the potential sellers who most value the right to sell the good, as indicated by the fact that they have the lowest cost.
It ensures that every consumer who makes a purchase values the good less than every seller who makes a sale, so that all transactions are mutually beneficial.
It allocates consumption of the good to the potential buyers who most value it, as indicated by the fact that they have the highest willingness to pay.
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