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According to Maslow's needs-hierarchy theory,which of the following is true of higher needs?
Marginal Seller
A seller who is indifferent about selling at the current market price and might leave the market if prices decrease.
Cost
Cost is the amount of money required to purchase, produce, or maintain something, encompassing both direct expenses and indirect expenditures.
Transaction Costs
Expenses incurred in buying or selling a good or service, including search and information costs, bargaining costs, and enforcement costs of policies.
Efficient Solution
An outcome where resources are allocated in the most effective manner, maximizing benefits and minimizing costs or waste.
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