The Price Mechanism

question 94

Multiple Choice

The price mechanism

• A)works best when many competing business firms are in each industry.
• B)works best when government through a central planning agency sets prices.
• C)works best when corporations set prices for a market economy.
• D)All of the choices are true about price mechanism.

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Definitions:

Suspension Bridge

A type of bridge in which the deck (the load-bearing portion) is hung below suspension cables on vertical suspenders.

Recognized And Rewarded

The act of acknowledging someone's efforts or achievements and giving them a form of reward or appreciation.

Organizational Culture

The shared values, beliefs, and practices that characterize an organization and influence its members' behaviors.

Achievements

Accomplishments or successes achieved through effort, skill, or courage.