Economists Assume Maximizing Efficiency Over Other Goals

question 37

Multiple Choice

Economists assume maximizing efficiency over other goals:

• A)is a guiding principle of policy-making.
• B)is always the best approach.
• C)should never be done.
• D)may not bring about the best outcome for society.

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Definitions:

Multinational Chain

A company that owns and operates facilities in multiple countries across the globe.

Brick And Mortar

Brick and Mortar refers to businesses that have physical premises for customers to visit as opposed to operating solely online.

Market Segmentation

The process of dividing a market into distinct groups of buyers with different needs, characteristics, or behaviors who might require separate products or marketing mixes.