In Evaluating the Degree of Economic Efficiency in a Market

question 88

Multiple Choice

In evaluating the degree of economic efficiency in a market, we can state that the size of the deadweight loss in a market will be smaller

• A)the greater the difference between marginal cost and price.
• B)the smaller the difference between marginal cost and average total cost.
• C)the smaller the difference between marginal cost and price.
• D)the greater the difference between marginal cost and average revenue.

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Definitions:

Nutritional Deficiency

The lack of essential nutrients in the diet, leading to health problems and diseases.

Fissures

Small tears or splits in the skin or mucous membrane, often causing pain and discomfort.

Inflammation

A biological response of body tissues to harmful stimuli, such as pathogens, damaged cells, or irritants, characterized by redness, swelling, heat, and pain.

Nutritional Deficiency

A condition resulting from the lack of essential nutrients in the diet.