If Productive Efficiency Characterises a Market

question 145

Multiple Choice

If productive efficiency characterises a market,

• A)the marginal cost of production is minimised.
• B)firms produce the goods that consumers desire most.
• C)the output is being produced at the lowest possible cost.
• D)firms use the best technology available to produce the good.

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Definitions:

Insider Trading Laws

Regulations that prohibit trading a public company's stock or other securities by individuals with access to non-public information.

Supervising

The act of overseeing and directing the work and performance of others, ensuring tasks are completed efficiently and effectively.

Stock Market

A public market for the trading of company stock and derivatives at an agreed price.

Stock Exchange

A physical place in which stocks are traded by brokers on behalf of their investor clients.