Choose the Correct Statement

question 109

Multiple Choice

Choose the correct statement.

• A)Resources are used efficiently when marginal social benefit equals marginal social cost.
• B)Competitive equilibrium achieves an efficient outcome.
• C)Competitive equilibrium maximizes the gains from trade.
• D)When firms in perfect competition are away from long-run equilibrium, either entry or exit is taking place and the market is still efficient.
• E)All of the above

Understand various sampling methods and their applications.

Identify systematic sampling and its characteristics.

Identify stratified random sampling and its application.

Recognize cluster sampling and its uses.

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Definitions:

Final Agreement

The conclusive arrangement or contract reached by parties after negotiations or discussions, often legally binding.

Avoiding

Involves deliberately staying away from certain actions, situations, or decisions to prevent negative outcomes.

Accommodating

A conflict resolution style where one party gives in to the wishes or demands of another, often prioritizing the relationship over their own interests.

Lose-Lose Conflict

A situation where all parties involved in a conflict end up worse off or do not achieve their objectives.