Answer: B. an output of the product that is less than the amount consistent with ideal economic efficiency
Explanation: Economic efficiency is the state in which all available resources are optimally allocated to serve each individual or entity in the best way while reducing to the minimum, waste and inefficiency. In reality, economic efficiency has shown that nothing can be improved without something else being hurt.
When competitive forces are weak, it leads to decrease in output as economic efficiency is only maximized when price is equal to marginal revenue because at this point both profit and efficiency are maximized.
In April 1775 British soldiers, called lobsterbacks because of their red coats, and minutemen—the colonists' militia—exchanged gunfire at Lexington and Concord in Massachusetts. Described as "the shot heard round the world," it signaled the start of the American Revolution and led to the creation of a new nation.
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Answer:
TO RELATE EACH COMMUNITY PARTICIPANT WITH THE ATTAINMENT OF COMMON VISION, EACH PARTICIPANT MUST WORK TOGETHER.
Explanation:
Answer:
Advantages of society: Discipline - it comes forward when order needs to be in place, people are able to incorporate discipline as accountability for action. Formation or Order - compromise and healthy conversation and agreement form for each member to get what they want and experience what they need.
