The Objective of the Allocational Efficiency Theory Has Been Promoted

question 49

True/False

The objective of the allocational efficiency theory has been promoted by economists on the grounds that firms that most efficiently use resources generally will be able to undersell their competitors.

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Definitions:

Agreeableness

A personality trait characterized by qualities of being kind, cooperative, and sympathetic toward others.

Stability

The state or quality of being resistant to change or failure; the ability to maintain a constant condition.

Extraversion

A personality trait characterized by outgoingness, high energy, and sociability, often contrasted with introversion.

Personality Traits

Personality traits are enduring characteristics or qualities that describe an individual's consistent patterns of feelings, thoughts, and behaviors.