Describe and Provide an Example for the Six Responsibilities That

question 67

Essay

Describe and provide an example for the six responsibilities that an interviewer must follow to be an ethical interviewer?

Explain the conditions under which resources are efficiently allocated in competitive markets.

Understand the impact of new firm entry and exit on market equilibrium and economic profits in a competitive price-taker market.

Identify the factors driving firms to enter or exit the market.

Recognize the role of economic profits and losses in resource allocation and market signals.