The traditional view of competitive price-searcher markets holds that this type of market structure is inefficient because

check explanation

Explanation:

Price searcher market are firms with some control over price, and some product differentiation.

Price searchers face a downward-sloping demand curve

The traditional view of price searcher market which holds that the market is inefficient is that;

(1). There are too few firms to reach an efficient level of competition, therefore,

excessive advertising is encouraged.

(2). Also, consumers are not allowed a sufficient amount of choice in which to express their individual preferences therefore, excessive advertising is encouraged

there are no options provided but you can choose among the following gender-neutral pronouns: zir, hir, eir, vis, tem, eir.

in the normal course of maintaining a pronoun-antecedent agreement, we could have used the words his or her but since we are also required to use gender-neutral language, we need to replace it with its equivalent gender-neutral pronoun.