The Socially Optimal Outcome Is Achieved When the Owner of Property

question 20

Multiple Choice

The socially optimal outcome is achieved when the owner of property rights is a(n) ________ and sells output in a competitive market.

• A) experienced manager
• B) profit-maximizer
• C) skilled land owner
• D) wealthy investor

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Definitions:

FTA-ABS

A blood test used to detect the presence of antibodies to Treponema pallidum, the bacterium that causes syphilis.

Slim Muscular Tube

A description typically referring to the esophagus, which is a long, thin muscular tube connecting the throat to the stomach.

Epididymis

A long, coiled tube that stores and carries sperm from the testicles, allowing it to mature.

Prostate

The prostate is a gland of the male reproductive system that produces some of the fluid in semen.