When a Perfectly Competitive,well-Functioning Market Is Not in Equilibrium

question 104

Multiple Choice

When a perfectly competitive,well-functioning market is not in equilibrium:

• A) total surplus can be increased by a change in market price.
• B) the market is not efficient.
• C) there are exchanges that can make some better off without someone becoming worse off.
• D) All of these are true.

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Definitions:

Salesperson Performance

Evaluation of a salesperson's effectiveness in meeting sales targets, building client relationships, and contributing to business success.

Sales Quota

A specific sales goal assigned to a salesperson or team for a certain period, used to measure performance.

Sales Goals

Objectives set by a company's sales department to reach a certain performance level within a specific timeframe.

Unconventional Rewards

Rewards that do not follow traditional forms of compensation or incentives, often aimed at promoting creativity, loyalty, and personal satisfaction.