Deviations from the perfectly competitive market can lead to
a. inefficiently high production costs.
b. higher prices and smaller outputs.
c. less efficient resource allocation.
d. All of the above are correct.
d
Economics
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Summarize the four supply factors in economic growth.
What will be an ideal response?
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What is the "store of value" function of money?
A. a common measurement of the relative value of different goods and services B. the ability of money to hold value over time C. the quality of money not to be hoarded because of its commodity value D. the function of money to be widely accepted I exchange for goods and services
Economics