If Actual Output Is Less Than Equilibrium Output,firms Will ________

question 47

Multiple Choice

If actual output is less than equilibrium output,firms will ________ output to keep from ________ inventories.

• A)increase;accumulating
• B)increase;depleting
• C)decrease;depleting
• D)decrease;accumulating

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Definitions:

Competition Tribunal

A specialized court or body that adjudicates issues related to competition law, ensuring fair competition among businesses.

Competition Act

A statutory provision designed to prevent anti-competitive practices, promote fair trading, and protect consumers in the marketplace.

Metric System

A decimal system of weights and measures based on the meter and the kilogram and used universally in science and predominantly around the globe for commerce and daily activities.