Which of the Following Is Not a Disadvantage That Favors

question 42

Multiple Choice

Which of the following is not a disadvantage that favors the use of weighted scoring models?

• A)Scores are relative measures
• B)Easy to include too many factors
• C)Can handle non-numeric criteria
• D)Can only include profits in a non-numeric fashion

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Definitions:

Perfect Competitor

A theoretical market where no individual buyer or seller has the power to affect the price of goods, leading to an optimal allocation of resources.

Long Run

A period in economics sufficient for all markets to adjust, including prices, outputs, and wages, reflecting changes in economic conditions or policies.

Perfect Competitor

A theoretical market scenario where many firms sell identical products, where no single buyer or seller can influence the market price.

Long Run

A period in economics where all factors of production and costs are variable, and firms can enter or exit the market.