Markets fail to allocate resources efficiently when

A) demanders and suppliers cannot agree on a price.
B) goods are rival in consumption and excludable.
C) property rights are not well established.
D) too many buyers and sellers exist in the same market.

Allocate Resources

The process of distributing available resources among various projects or business units.

Markets

Places or systems in which goods, services, and assets are exchanged, usually with prices determined by supply and demand.

Efficiently

Conducting an activity in such a manner that it achieves the maximum output with the minimum input or resources, without waste.