MC and MU Are Set Equal to One Another in a Market

question 177

Multiple Choice

MC and MU are set equal to one another in a market economy because

• A)producers and consumers are free to communicate with one another.
• B)producers and consumers both respond to the same price.
• C)consumers must accept the prices set by producers.
• D)producers must accept the price set by consumers.

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Definitions:

External Traumas

Events or experiences originating outside the individual that cause significant psychological distress or damage.

Carcinogens

Substances or exposures that are known to increase the risk of cancer by altering cellular metabolism or damaging DNA directly in cells.

Prokaryotes

Microorganisms that lack a distinct nucleus and other organelles enclosed within membranes, including bacteria and archaea.

Eukaryotes

Organisms whose cells contain a nucleus and other organelles enclosed within membranes, distinct from prokaryotes.