Using Figure 4.1, suppose that point B represents the optimal mix of output for a society. If market forces cause society to produce at point C, then
A) There is government failure.
B) The forces of supply and demand will return society to point B.
C) Points A and D are unattainable with the given resources and technology.
D) There is market failure.
Correct Answer:
Verified
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A) An equitable distribution
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A)Leads
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Q8: The optimal mix of output is always
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A)On its own may not always
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A)The use
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