What does it mean to say that free markets are efficient? Buyers and sellers trade until both are satisfied. Information is communicated arounc the world Everyone is assured of getting basic necessities. Decisions are made quickly with little confusion.

When we say that free markets are efficient, it means that resources are allocated in the most effective way possible to meet the needs and wants of consumers. In a free market, buyers and sellers interact to determine prices and quantities of goods and services. The correct answer is:<br /><br />Buyers and sellers trade until both are satisfied.<br /><br />In a free market, buyers and sellers engage in voluntary transactions where they trade goods and services until both parties are satisfied with the terms of the trade. This process leads to an efficient allocation of resources, as goods and services are produced and consumed based on consumer preferences and market demand.