The ADA Seal of Approval for Dentifrices Assures the Consumer

question 20

Multiple Choice

The ADA Seal of Approval for dentifrices assures the consumer that:

• A) the paste will prevent cavities
• B) abrasives are within safe limits
• C) stains will be removed
• D) it is not harmful if swallowed

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Definitions:

Purely Competitive Industry

An industry consisting of many buyers and sellers, where each firm is a price taker and the products are homogeneous.

Pure Monopoly Model

Describes a market structure in which a single seller sells a unique product in the market without any competition.

Productive Efficiency

Refers to a situation where an economy or entity cannot produce more of one good without affecting the production of another good, operating at the lowest possible cost per unit.

Allocative Efficiency

A state of resource allocation where goods and services are distributed according to consumer preferences, maximizing overall social welfare.