In a Competitive Market,the Market Demand Curve Measures the ________

question 42

Multiple Choice

In a competitive market,the market demand curve measures the ________ if ________ exist. In a competitive market,the market supply curve measures the ________ if ________ exist.

• A)marginal social benefit;no external costs;marginal social cost;no external benefits
• B)firms' marginal benefit;external benefits;consumers' marginal cost;external costs
• C)marginal social benefit;no external benefits;marginal social cost;no external costs
• D)marginal social benefit;external benefits;marginal social cost;external costs
• E)consumer surplus;external benefits;producer surplus;external costs

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Definitions:

Income Taxes

Taxes levied by the government on individuals or corporations based on their net income or profit.

Value Of Dollar

The purchasing power of the U.S. dollar, influenced by factors such as inflation, interest rates, and economic conditions.

Fundamental Roles

Core responsibilities or duties that are essential for the operation and success of an organization or the performance of a job.