QUESTION IMAGE
Question
question 6 points 2 the cost of resource allocation of the market economy is _. it may create income disparity. it may lead to inefficient distribution of resources. it may need more adaptability to new challenges. it may require more exposure to new technology.
Brief Explanations
In a market economy, resource allocation relies on supply and demand. A key cost is potential inefficiency due to market failures (e.g., monopolies, externalities), leading to suboptimal resource distribution.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
It may lead to inefficient distribution of resources.