What Three Assumptions Must Hold for the Allocation of Resources

question 39

Essay

What three assumptions must hold for the allocation of resources among firms to be efficient?

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Definitions:

IPv4

Internet Protocol version 4, a core protocol for the internet that provides an identification and location system for computers on networks and routes traffic across the internet.

E-Mail

Internet-based communication in which senders and recipients correspond.

MIME

Multipurpose Internet Mail Extensions, a standard for formatting non-text attachments used in email communication.

VoIP

Voice over Internet Protocol, a technology that allows for making voice calls using a broadband Internet connection instead of a regular phone line.