In a Perfectly Competitive Market,an Increase in Output Could Be

question 98

Multiple Choice

In a perfectly competitive market,an increase in output could be caused by

• A)decrease in consumer demand
• B)an unavoidable increase in fixed costs
• C)higher input prices
• D)an increase in consumer demand

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Definitions:

Internal Customers

Individuals or departments within an organization that receive products or services from other parts of the company.

Inter-Divisional Transfer Price

The price charged for goods or services exchanged between divisions of the same company.

Divisional Autonomy

The degree of independence granted to separate divisions within a company, allowing them to make decisions without central approval.

Goal Congruence

The alignment of individual goals with the overall objectives of the organization, essential for organizational effectiveness and motivation.