Each of the Following Factors Might Interfere with the Efficiency

question 20

Multiple Choice

Each of the following factors might interfere with the efficiency of perfect competition except:

• A)increasing returns to scale.
• B)imperfect price information.
• C)externalities.
• D)diminishing returns to scale.

---

Definitions:

Organizational Morale

The overall mood, attitude, and satisfaction of members within a company or organization, often influencing productivity and cohesion.

Bureaucratic Structure

An organizational framework structured on hierarchy and defined, formal roles and responsibilities, emphasizing a clear division of labor and standardized procedures.

Commonality of Goals

The shared objectives or aims among members of a group or team, which often drive collaborative efforts and teamwork.

Needs Assessment (NA)

A systematic process used to determine and address the gaps between current conditions and desired conditions or needs.