In a Properly Functioning Free Market

question 98

Multiple Choice

In a properly functioning free market

• A)the price of any good reflects its marginal utility to consumers.
• B)price will equal marginal cost.
• C)the invisible hand will assure that society's resources are used efficiently.
• D)All of the above are correct.

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Definitions:

Conclusion

The final section or paragraph of a document, presentation, or argument that summarizes the main points or findings.

Recommendation

An advice or suggestion put forward based on judgment or knowledge.

Executive Dashboards

Visualization tools used by executives to monitor the key performance indicators that drive the business, often presented in an easy-to-read interface.

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The act of providing an estimated price for goods or services or the repetition of someone else's statement to convey a message.