________ Increases Economic Efficiency Because It Forces Firms to Produce

question 83

Multiple Choice

________ increases economic efficiency because it forces firms to produce and sell goods and services as long as the additional benefit to consumers is greater than the additional cost of production.

• A)Competition
• B)Voluntary exchange
• C)Equity
• D)A centrally planned economy

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Definitions:

Mass media

Various forms of communication technologies, such as television, radio, newspapers, and the internet, that reach a large audience simultaneously and have significant influence on societal norms and public opinion.

Audience influence

The impact that viewers, readers, or listeners have on the content, production, and dissemination of media.

Mass media

Various mediums of communication, such as television, newspapers, and the internet, that reach a large audience.

Minority representation

The degree to which minority groups are visibly and effectively represented within societal structures, such as government, media, and workplaces.