g One of the major advantages that market economies have over command economies is that a. They are more able to quickly and efficiently deal with situations that require coordination among consumers and producers. b. Market economies make better use of available information about the efficient allocation of resources and goods. c. Markets do not always work efficiently, which can lead to a misallocation of resources. d. All of the above.

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)