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Sunny_sXe [5.5K]
3 years ago
9

25 points !!!

Social Studies
1 answer:
bagirrra123 [75]3 years ago
5 0

Answer:

changes such as industrial revolution political over view by changing the steam boat trades

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yes

Explanation:

Labor is the amount of physical, mental, and social effort used to produce goods and services in an economy. It supplies the expertise, manpower, and service needed to turn raw materials into finished products and services. In return, laborers receive a wage to buy the goods and services they don't produce themselves.

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From the viewpoint of economic efficiency, when competitive forces in an industry are weak, market allocation will often lead to
NeTakaya

Answer: B. an output of the product that is less than the amount consistent with ideal economic efficiency

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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.

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