Use the Figure Below to Answer the Following Question(s)

question 80

Multiple Choice

Use the figure below to answer the following question(s) . Figure 6-2
Figure 6-2 illustrates the four possibilities of the structure of production and consumption for a good or service. When the structure of production and consumption for a good places it in quadrant B,

• A) consumers have little incentive to search out and patronize low-cost suppliers.
• B) private producers of such goods will have little incentive to operate efficiently and to keep prices low.
• C) goods and services will only be supplied if consumers are willing to pay an amount sufficient to cover their production costs.
• D) both a and b, but not c, will be true.

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Definitions:

Course Completed

"Course Completed" indicates the successful fulfillment of the curriculum requirements of an academic course or educational program.

Genomic Deoxyribonucleic Acid

DNA that makes up the chromosomes and codes for the genetic information necessary for the organism's development, function, and reproduction.

Chromosomal DNA

The material in cells that contains the genetic blueprint in the form of DNA organized into chromosomes.

Gram-negative

Refers to a group of bacteria that do not retain the crystal violet stain used in the Gram staining method of bacterial differentiation but are colored red or pink.