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According to the Marginal Productivity Theory of Income Distribution, in a Competitive

question 79

True/False

According to the marginal productivity theory of income distribution, in a competitive economy each factor of production is paid its equilibrium value of the marginal product.False


Definitions:

Upflow

The upward movement of fluid, air, or other substances, which can affect environmental conditions and processes, such as in aquifers or atmospheric phenomena.

Scoured

Describes the effect of being worn down or cleaned by fast-moving water or other fluids, often related to geological surfaces.

Permafrost

A condition in which water in the uppermost part of the ground remains frozen all or most of the time.

Ground

The solid surface of the Earth, where various geological and biological processes occur.

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