The Figure Given Below Shows the Demand [D and D']

question 26

Multiple Choice

The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2

-Which of the following actions can be categorized as rent seeking?

• A)Increase in the income tax rates by the government
• B)Lobbying efforts of individuals or groups to gain favors from the government
• C)Profit maximizing firms charging a price greater than their marginal costs
• D)Export of goods from developing to developed countries
• E)Government intervention in the real estate market

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Definitions:

Design-It-In Approach

A proactive strategy in product development focusing on incorporating essential features, performance measures, and compliance aspects from the beginning, to prevent problems rather than fixing them later.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental improvements over time.

Techniques For Quality Measurement

Methods used to assess the quality of products, services, or processes, often involving quantitative and qualitative metrics.

Functional Approach

The functional approach is a method of organizational structure where a company is divided into departments or functions, each handling specific tasks or operations like marketing, finance, or manufacturing.