If the Market for Roller Blades Is at a Competitive

question 276

Multiple Choice

If the market for roller blades is at a competitive equilibrium, and there are no external costs or benefits, then

• A) marginal social benefit is equal to marginal social cost.
• B) the sum of consumer surplus and producer surplus is maximized.
• C) resources are being used efficiently.
• D) All of the above answers are correct.

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Definitions:

Absence From Work

The instance of not attending work due to various reasons, including illness, personal matters, or vacations.

Withdrawal Response

The actions employees take to distance themselves from the work environment, which can include tardiness, absenteeism, or quitting the job entirely.

Organizational Citizenship Behaviours

Voluntary actions by employees that contribute to the organization's effectiveness but are not formally required.

Withdrawal

The action of removing oneself from participation or involvement in a particular situation, activity, or interaction.