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What is meant by market economic efficiency

Week 3 DF Question a) What is meant by market economic efficiency? Discuss b) A competitive market always achieves equilibrium? IF True, explain. IF False, explain. Grading Rubrics: Steps in completing DF 1. Define the term (s) 2. Offer an example(s) to further illustrate your idea/point 3. Discuss and try to relate this topic with previous work discussed. 4. Next, review to make sure that you have resolved the issue(s) 5. After you have posted, reply to two or more students by making some comments/recommendations/suggestions now that you have some knowledge of the material.