At the Market Equilibrium,resources Are Allocated Efficiently Because

question 2

Multiple Choice

At the market equilibrium,resources are allocated efficiently because

• A) the marginal cost of producing another unit is equal to zero.
• B) the price buyers pay accurately reflects the marginal cost of the resources used to produce the good.
• C) the price buyers pay is greater than sellers' willingness to sell.
• D) all of the above

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Definitions:

Parent Company

A corporation that owns enough voting stock in another firm to control its management and operations by influencing or electing its board of directors.

Foreign Direct Investment

An investment made by a firm or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets in the other country.

Environmentally-Friendly

Describes practices, products, or policies that are designed to have minimal or beneficial impact on the environment, often emphasizing sustainability and conservation.

Automotive Engine

A type of engine designed specifically for use in vehicles, converting fuel into mechanical energy to power automotive movement.