Which Assumption Leads to an Efficient Allocation of Resources Among

question 74

Multiple Choice

Which assumption leads to an efficient allocation of resources among firms?

• A) Factor markets are open and competitive.
• B) All firms pay different prices for identical inputs.
• C) Firms behave so as to minimize their profits.
• D) All of the above are correct.

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Definitions:

Human Resources

The department within an organization responsible for managing all aspects related to employees, including recruitment, training, benefits, and compliance.

Affirmative Action

Policies and measures designed to increase the employment opportunities for historically excluded groups.

HR Managers

Professionals responsible for overseeing human resource functions within organizations, including recruitment, employee relations, and compliance with labor laws.

Active Concern

A business term that refers to a company that is actively engaged in business operations, indicating its ongoing viability.