The Equilibrium of a Competitive Industry Is

question 59

Multiple Choice

The equilibrium of a competitive industry is:

• A)equitable but not necessarily efficient.
• B)efficient.
• C)not always efficient.
• D)neither efficient nor equitable.

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Definitions:

Functional Group

A specific group of atoms within a molecule that is responsible for the characteristic chemical reactions of that molecule.

Dopamine

A neurotransmitter involved in controlling movement and the reward and pleasure centers in the brain.

Functional Group

Defined conglomerates of atoms inside molecules that are pivotal for the molecules’ typical chemical processes.

Structural Element

A component of a compound's molecular structure that contributes to its overall shape, properties, or function.