An efficient allocation of resources requires that a product's price equal its average cost
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Employers engaging in ________ try to enhance their profits
A) psychological bias B) moral discrimination C) statistical discrimination D) taste-based discrimination
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To gain market share
A) a firm needs to be in a competitive market. B) a firm needs to limit substitutes. C) a firm needs to produce a commodity. D) a firm needs to be a substitute for other products
Economics