If the Printed Circuit Board Market Is Perfectly Competitive

question 26

Multiple Choice

If the printed circuit board market is perfectly competitive,

• A)too many printed circuit boards will be produced
• B)printed circuit boards will be allocated efficiently
• C)too few printed circuit boards will be produced
• D)economic efficiency will not be achieved
• E)printed circuit boards will be evenly distributed among consumers

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Definitions:

Transferable Interests

Transferable interests are the portions of ownership in a business entity that can be transferred or sold from one owner to another.

Limited Partners

Limited partners are investors in a partnership with limited liability to the debts of the partnership, and whose involvement in management is restricted by law.

General Partner

An owner of a partnership who has unlimited personal liability for the debts and obligations of the partnership.

Limited Liability Limited Partnership

A form of partnership that offers limited liability to some partners (limited partners) and allows others (general partners) to operate the partnership with limited liability as well.