For Markets to Operate Efficiently, It Is Necessary That Private

question 59

Multiple Choice

For markets to operate efficiently, it is necessary that private marginal cost:

• A) be equal to output quantity.
• B) equal the cost of output.
• C) plus external cost be equal to output price.
• D) minus external cost be equal to output price.

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Definitions:

Feelings of Anger

An emotional state characterized by annoyance, displeasure, or hostility, often as a response to perceived wrongs or injustices.

Boundary Blurring

A situation where the distinctions between roles, responsibilities, or personal spaces become unclear or merge inappropriately.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, or other verbal or physical conduct of a sexual nature, especially in the workplace or educational settings.

Positive Regard

The acceptance and love a person receives from others, often considered critical in personal development and psychology.