Examlex
Which of the following is unique to archaea?
Competitive Industries
Sectors of the economy where businesses actively compete with each other to offer goods or services to consumers, often characterized by low barriers to entry and a high level of innovation.
Allocative Efficiency
A state of resource allocation where goods and services are distributed according to consumer preferences, maximizing overall societal welfare.
Productive Efficiency
A situation where a firm or economy produces output at the lowest possible cost, using all its resources efficiently.
Pure Competition
A market structure characterized by a large number of small firms, a homogenous product, and very easy entry and exit from the market.
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