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.
Answer:
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Answer:
The possible problem is 1
Explanation:
This best illustrates the impact of "dual processing".
<u>Explanation:</u>
A dual process hypothesis in psychology indicates an overview of how thinking can occur in two respective ways, or as a consequence of two different procedures. The two mechanisms also comprise of an implicit (automatic), unconscious process and an overt, conscious method.
Dual process frameworks are quite popular throughout the analysis of psychological social variables, like shift in attitude. An instance from the text will be the dual processing of sight which consists of a visual track of perception and a visual pursuit of action.
Endothermic - takes in heat
Exothermic - releases heat