Which of the Following Statements Is Not Correct About a Market

question 31

Multiple Choice

Which of the following statements is not correct about a market in equilibrium?

• A)The price determines which buyers and which sellers participate in the market.
• B)Those buyers who value the good more than the price choose to buy the good.
• C)Those sellers whose costs are less than the price choose to produce and sell the good.
• D)Consumer surplus will be equal to producer surplus.

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Definitions:

Transnational

Extending or operating across national boundaries, often used to describe companies, organizations, or activities that are not confined to a single country.

Foreign Subsidiaries

Entities that are owned or controlled by a parent company but are located in a different country.

Joint Ventures

Business arrangements in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.

Corporate Codes

Guidelines and policies established by companies to govern behavior, ethics, and practices within their organizations.