If There Is Overproduction in a Competitive Market, ________

question 180

Multiple Choice

If there is overproduction in a competitive market, ________.

• A)the marginal benefit to society exceeds the marginal cost
• B)there will be no deadweight loss
• C)the marginal cost to society exceeds the marginal benefit
• D)the market is producing the efficient quantity

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Definitions:

Benjamin Franklin Close

A sales technique that encourages a customer to make a decision by listing pros and cons of purchasing a product or service, akin to Benjamin Franklin's decision-making method.

Assumptive Close

A sales technique where the salesperson assumes that the prospect has decided to purchase and moves forward with finalizing the sale.

Continuous-Yes Close

A kind of close whereby the salesperson develops a series of benefit questions that the prospect must answer.