Only One of the Following Statements Is Correct

question 153

Multiple Choice

Only one of the following statements is correct.The statements compare perfectly competitive (PC) markets and monopolistically competitive (MC) markets.Which statement is correct?

• A)Productive efficiency is achieved in both PC and MC markets. Allocative efficiency is achieved only in MC markets.
• B)Allocative efficiency is achieved in both PC and MC markets. Productive efficiency is achieved only in PC markets.
• C)Productive efficiency and allocative efficiency are both achieved in PC markets. Neither is achieved in MC markets.
• D)Allocative efficiency is achieved only in PC markets. Productive efficiency is achieved only in MC markets.

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Definitions:

Middle Childhood Behavior

Patterns of conduct and interaction typically observed in children aged 6 to 12 years, encompassing developmental, social, and cognitive changes.

CSA

Childhood Sexual Abuse; refers to any sexual activity with a child where consent is not or cannot be given.

Counselor

A professional trained to provide guidance and support in resolving personal, social, or psychological challenges.

Early Childhood Behavior

Refers to the actions, reactions, and ways of conduct exhibited by children from birth through the early elementary years.