Which of the Following Is Not a Necessary Condition for Economic

question 88

Multiple Choice

Which of the following is not a necessary condition for economic efficiency in competitive markets?

• A)The marginal rates of substitution of all goods across all consumers are equal.
• B)The prices of productive inputs are the same across all productive uses.
• C)The marginal rates of technical substitution are the same across all firms and industries.
• D)The marginal rates of substitution of two goods across all consumers will equal the marginal rates of transformation of the two goods.

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Definitions:

Reactions

The actions or emotional responses elicited by an external stimulus or situation.

Fears

Emotional responses to perceived threats, which can vary in intensity and cause significant distress or avoidance behaviors.

Countertransference

The emotional reaction of a therapist toward the client that may interfere with objectivity, often based on the therapist's own unresolved issues.

Empathy

The ability to understand and share the feelings of another, fostering emotional connection and support.