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What is the rule for efficient output selection and how does the competitive market achieve it?
Current Ratio
A financial ratio indicating a firm's capacity to settle its short-term liabilities with assets that can be easily converted into cash within a year.
Total Current Assets
The total value of all assets that a company expects to convert into cash within one year, including cash, inventory, and accounts receivable.
Total Current Liabilities
The sum of all liabilities of a company that are due within one year, including accounts payable, short-term loans, and other short-term financial obligations.
Assets
Resources owned by a person or business that have economic value and can provide future benefits.
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