Which of the Following Notations Signifies That an Adviser Can

question 49

Multiple Choice

Which of the following notations signifies that an adviser can be related to many students and that a student can be related to many advisers?

• A) 1:N
• B) N:M
• C) N:1
• D) N:N

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Definitions:

Market Outcome

The end result of market interactions, determined by supply and demand forces, affecting prices and quantities.

Efficient Price

A market price that fully reflects all available information and maximizes the total benefits to society.

External Benefits

Positive effects experienced by third parties or the public due to an economic transaction they were not directly involved in.

Market Outcomes

The results of interactions between buyers and sellers in a market, including price, quantity, and quality of goods and services traded.