Ask Question
20 September, 13:36

What is an exception to the general idea that markets lead to an efficient allocation of resources?

perfect competition

black market

imperfect competition

unfair competition

+3
Answers (2)
  1. 20 September, 14:35
    0
    Imperfect competition is your correct answer
  2. 20 September, 15:07
    0
    The correct answer choice is:

    Imperfect competition

    In economics, imperfect competition may be a form of market structure showing only few options of competitive markets. Varieties of imperfect competition include: monopolistic competition: A state of affairs during which several companies with slightly or totally different product contend.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is an exception to the general idea that markets lead to an efficient allocation of resources? perfect competition black market ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers