Marginal Cost Pricing in Competitive Markets Results in All but Which

question 126

Multiple Choice

Marginal cost pricing in competitive markets results in all but which one of the following?

• A)An efficient mix of goods and services being produced.
• B)Output being produced where price equals the opportunity cost of the last unit being produced.
• C)The information necessary for consumers to make rational choices between alternative goods and services.
• D)Maximization of consumer utility.

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Definitions:

Ethical Compliance Program

A formal plan within an organization designed to prevent violations of law or company policies, often focusing on moral business practices and legal compliance.

Code Of Conduct

A set of rules outlining the social norms, responsibilities, and proper practices for an individual, party or organization.

Daily Decision Making

The process of making choices or judgements every day in both personal and professional contexts, often involving problem-solving and prioritization.

Code Of Conduct

A set of rules outlining the norms, rules, and responsibilities or proper practices of an individual, party, or organization.