A true signal must
A) convey information only.
B) convey information and direct the resource owners to act appropriately.
C) convey information about the long-run future.
D) explain in detail why something should be done.
Correct Answer:
Verified
Q342: Signals are
A) used by economic decision-makers to
Q344: If the long-run supply curve is horizontal,
Q344: A perfectly elastic long-run supply curve indicates
A)
Q347: An industry in which an increase in
Q347: Profits and losses are true signals because
Q349: If the long-run supply curve slopes upward,
Q350: An industry in which an increase in
Q351: Which of the following would tell us
Q355: Suppose a perfectly competitive industry is in
Q359: 
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