A Market Outcome That Is Optimal Given Existing Constraints in the Market

question 17

True/False

A market outcome that is optimal given existing constraints in the market but worse than the outcome that would result if those constraints were removed is the third-best result.

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Definitions:

Preganglionic Neurons

Neurons of the autonomic nervous system that originate in the central nervous system and travel to autonomic ganglia where they synapse with postganglionic neurons.

Autonomic Ganglion

A cluster of nerve cell bodies in the autonomic nervous system that regulates involuntary functions such as heart rate and digestion.

Somatic Motor System

Part of the peripheral nervous system that transmits signals from the central nervous system to skeletal muscles, facilitating voluntary muscle movements.

Postganglionic Neuron

Autonomic neuron that has its cell body located within an autonomic ganglion and sends its axon to an effector organ.