Asked by
Kiara Pierre
on Nov 05, 2024
Verified
The outcome of any free market is ultimately ________ because some people become very rich while others remain very poor.
A) efficient
B) inequitable
C) equitable
D) market failure
Free Market
An economic system where prices are determined by unrestricted competition between privately owned businesses, without excessive government control or intervention.
- Become familiar with the concepts of market efficiency and equity.
Verified Answer
NS
Learning Objectives
- Become familiar with the concepts of market efficiency and equity.