Match Each Item with the Correct Statement Below.​

question 5

Multiple Choice

Match each item with the correct statement below.​

-​Does not include unnecessary information

• A)​Sender
• B)​Messages
• C)​Feedback
• D)​Receiver
• E)​Conciseness
• F)​Clustering
• G)​Congruency
• H)​Cohesiveness

---

Definitions:

Constant Costs

Costs that remain unchanged regardless of the level of production or activity.

Long-Run Equilibrium

A state in which all firms in a market are making zero economic profit, with no firm having an incentive to enter or exit the industry.

Allocative Efficiency

An economic state where resources are allocated in a way that maximizes the overall utility to society, ensuring that the goods and services produced match consumer preferences.

Minimization

The process or strategy of reducing or keeping to a minimum the size, amount, or degree of something, especially costs or liabilities.