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One of Roth's strategies for making markets effective is ensuring they are what?

  • Competitive and Transparent

  • Closed and Secretive

  • Restricted

  • Open only to few

Answer

One of Roth's strategies for making markets effective is ensuring they are competitive and transparent. This means that there are a number of different suppliers in the market, each competing for the business of buyers. This competition drives down prices and improves the quality of goods and services.
The Mastermind of Market Design: Alvin E. Roth Quiz

The Mastermind of Market Design: Alvin E. Roth Quiz

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