Marginal Cost Pricing in Competitive Markets Results in All but Which

question 126

Multiple Choice

Marginal cost pricing in competitive markets results in all but which one of the following?

• A)An efficient mix of goods and services being produced.
• B)Output being produced where price equals the opportunity cost of the last unit being produced.
• C)The information necessary for consumers to make rational choices between alternative goods and services.
• D)Maximization of consumer utility.

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Definitions:

Separation Anxiety Disorder

A disorder characterized by excessive fear or anxiety about separation from attachment figures beyond what is expected for the individual's developmental level.

Excessive Anxiety

involves persistent and overwhelming worry or fear that is disproportionate to the actual danger, significantly impairing daily functioning.

Separation Anxiety

Fear of being separated from a target of attachment, usually a primary caregiver.

Nausea

A sensation of unease and discomfort in the stomach with an urge to vomit, often a prelude to vomiting.