At a Competitive Equilibrium with No Externalities,taxes,subsidies,public Goods,common Resources,or High

question 170

Multiple Choice

At a competitive equilibrium with no externalities,taxes,subsidies,public goods,common resources,or high transactions costs,which of the following occurs?
i.an efficient outcome
ii.definitely a fair outcome when judged by the fair-results approach
iii.marginal cost equals marginal benefit
iv.producer surplus equals consumer surplus

• A) i and iii
• B) i, ii and iii
• C) ii and iii
• D) i, ii, iii and iv
• E) only i

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Definitions:

Work-family Conflict

The conflict that arises when the demands of work and family roles are incompatible in some respect, causing participation in one role to be more difficult because of participation in the other.

High Degree Teamwork

The collaborative effort of a group to achieve shared goals or tasks, characterized by high levels of communication, coordination, and cooperation.

Work-family Conflict

A form of tension or incompatibility where the responsibilities of an individual's work and family roles interfere with one another.

Burnout

A state of physical, emotional, and mental exhaustion caused by prolonged stress, especially in the workplace, leading to decreased performance and motivation.