Deregulation Improves the Allocation of Resources By

question 125

Multiple Choice

Deregulation improves the allocation of resources by:

• A) allocating more resources to the firms.
• B) decreasing the number of firms in the market.
• C) allowing low-cost, innovative firms to enter the market.
• D) creating more market opportunities to the firms.

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Definitions:

Multidimensional

Having several dimensions or aspects, which can refer to complex problems, diverse approaches, or objects with multiple variables.

Relaxed

Being in a state of rest or ease, free from tension, stress, or anxiety.

Standardized

Refers to a process, product, or procedure that has been made uniform across multiple applications or users to ensure consistency and comparability.

High-Context Culture

Cultures where communication relies heavily on implicit messages, context, and non-verbal cues rather than explicit words.