The Rationing Function of Prices Refers to the Fact That

question 25

True/False

The rationing function of prices refers to the fact that government must distribute any surplus goods
that may be left in a competitive market.

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Definitions:

Value Proposition

A statement that summarizes why a consumer should choose a company's product or service, highlighting the unique value it provides.

Legal Liability

Refers to being subject to legal obligations, often involving the requirement to compensate for damages or to fulfill contractual agreements.

Social Benefit

A positive impact on society, achieved through various means, including economic, educational, health, and environmental improvements.

Public Message

Communication intended for the general public, typically disseminated through media channels to inform or influence a wide audience.