In a Competitive Market, the Demand Curve Shows the ________

question 4

Multiple Choice

In a competitive market, the demand curve shows the ________ received by consumers and the supply curve shows the ________.

• A)utility; average cost.
• B)marginal benefit; marginal cost
• C)economic surplus; opportunity cost
• D)net benefit; net cost

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Definitions:

Motivate Employees

Strategies or actions undertaken to inspire and encourage workers towards achieving goals and enhancing performance.

Centralized Structures

Organizational structures where decision-making authority is concentrated at a high level, with few individuals or a single entity controlling the organization.

Upward Communication

The flow of information from lower levels of a hierarchy to the higher-ups, aiding in decision-making and organizational effectiveness.

Ethical Concerns

Issues or matters that involve questions about what is morally right or wrong.