-In the Above Table, If the Market Is Perfectly Competitive

question 322

Multiple Choice

-In the above table, if the market is perfectly competitive and unregulated, at the equilibrium output level

• A) marginal private cost equals the marginal private benefit.
• B) marginal private cost is less than the marginal private benefit.
• C) marginal social cost equals the marginal private benefit.
• D) marginal social cost is greater than the marginal private benefit.

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Definitions:

Greater Autonomy

The increased independence and freedom to make decisions without external control, often leading to higher job satisfaction and productivity.

Absenteeism

The habitual non-presence of an employee at their job, which can be a sign of workplace issues such as dissatisfaction or health problems.

Tardiness

The quality or fact of being late; delay in arrival or performance compared to expected or scheduled time.

Contingency Workers

Workers employed on a non-permanent basis, such as freelancers, consultants, or contract workers, often without the same job security and benefits as full-time employees.