J tihe toldil eust incurred from the consumption of addition

J tihe toldil eust incurred from the consumption of additional output O the cost involved when choosing between alternatives QUESTION 4 An efficient market is a market O in which long-term profits are guaranteed O in which profit opportunities are eliminated almost instantaneously O in which there are no opportunity costs o that deals in unlimited resources QUESTION 5 Studying how Joshua allocates his time between school and video games is an y microeconomics Locaanization

Solution

An efficient market is a market in which long term profits are guranteed. It is a market where all the agents have perfect information about the price and commodities. So both producer and consumer can have less risk and producer can get the chance to earn more profit.