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andreev551 [17]
3 years ago
10

In an economy in which decisions are guided by prices and individual self-interest, there isa. the potential to achieve efficien

cy in production.b. a strong need for government intervention in the market.c. less efficiency than would be observed in a centrally-planned economy.d. more need for a strong legal system to control individual greed than would be needed in a centrally-planned economy.
Business
2 answers:
S_A_V [24]3 years ago
3 0

In a market economy, like the one described in the question, there is the potential to achieve efficiency in production. This is because producers can choose what they produce and can focus on the products they are good at. This can help with economies of scale and efficiency.

Nataly_w [17]3 years ago
3 0

Answer:

a. the potential to achieve efficiency in production.

Explanation:

In the type of economy mentioned in the excerpt people are interested in their personal gain and suppliers try to find the most effective way to manufacture their products to offer value to their customers. So, self-interest generates a behavior that benefits everyone as suppliers try to offer a product that is better and cheaper for customers to prefer them as the competition makes them to try to decrease the costs and increase their sells, which at the end provides more efficiency in the production giving benefits to the economy in the long run.

Because of this, the answer is that in an economy in which decisions are guided by prices and individual self-interest, there is the potential to achieve efficiency in production.

The other options are not right because in this type of economy there is no need for a strong goverment intervention because the market tends to regulate itself with the demand and supply and there is more efficiency because suppliers try to offer more products at good prices to be able to compete.

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Based on the MSRB pay to play rule, the contribution by the finance professional to the candidate b. cannot exceed $250.

<h3 /><h3>What is the MSRB pay to play rule?</h3>

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2 years ago
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Explanation:

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3 years ago
Ketchup is a complement (as well as a condiment) for hot dogs. If the price of hot dogs rises, the quantity of hot dogs demanded
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Answer:

Fall; lowers; falls; decrease; lower; increases; fall; away from orange juice and toward tomato juice; falls.

Explanation:

Ketchup is a complement and condiment in hot dogs. An increase in the price of hot dogs will cause its quantity demanded to fall. This will cause the demand for ketchup to decrease as well. The demand curve for ketchup will move to the left. This will cause the equilibrium quantity to fall. This will further cause a reduction in the demand for tomatoes by ketchup producers.

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Vesnalui [34]

Answer:

b. lower price than the pre-subsidy equilibrium, and buyers pay a lower one.

Explanation:

A subsidy is a governments intervention in the form of cash or tax cuts. The government offers subsidies to producers to motivate them to produce more or to lower their cost of production.  As a result,  there will be more products in the market or goods will be cheaper.

Equilibrium price refers to the price determined by the forces of supply and demand. It is the intersection of the demand and supply curve. It is the price that buyers are willing to pay for a certain quantity of a product; all other factors held constant.

Should a producer receive a subsidy, It will lower his cost of production. The producer's output will cost less.  He can afford to offer sellers a lower price as a result of the subsidy.  The traders will be able to sell the products in the market at a low price compared to a situation with no subsidy.

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