What is an advantage of competitive markets?
A.
Competition causes inequalities of wealth.
B.
Competition encourages the efficient use of resources.
C.
The economic problem of scarcity is eliminated.
D.
The right quantity of merit goods is guaranteed.
Exam No：0455_s21_qp_12 Year：2021 Question No：1
Answer:
B
Knowledge points:
3.8.1 competitive markets:The effect of having a high number of firms on price, quality, choice, profit.
Solution:
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