An Economy in Which There Are No Market Failures and All

question 110

Multiple Choice

An economy in which there are no market failures and all industries are in a competitive long-run equilibrium is one where 1.allocative efficiency is achieved;
2.the economy is on the production possibilities boundary;
3.there is no incentive for firms to enter or leave industries.

• A)1 and 2
• B)2 and 3
• C)1 and 3
• D)1,2,and 3
• E)2 only

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Definitions:

Asian Women

Refers to females originating from or associated with the Asian continent, often discussed in contexts of cultural identity, representation, and experiences in diaspora.

Racialized Images

Visual representations that reinforce stereotypes and assumptions about certain racial or ethnic groups, often perpetuating inequality.

Ethnic Mistreatment

Acts of discrimination or injustice directed towards individuals because of their ethnic background or identity.

Gender Binary

The classification of gender into two distinct and opposite forms of masculine and feminine, often based on biological sex.