Asked by
Jayshree Garodia
on Nov 06, 2024Verified
Economists often refer to "good deals" as
A) profit opportunities.
B) break-even propositions.
C) efficient market outcomes.
D) those with no opportunity cost.
Profit Opportunities
Situations where individuals or firms can earn a return on investment that is more than the norm, often due to market inefficiencies or information asymmetries.
Opportunity Cost
The cost of choosing one option over another, represented by the benefits that could have been obtained by choosing the alternate option.
- Ascertain variables responsible for the efficacy of markets.
Verified Answer
HN
Learning Objectives
- Ascertain variables responsible for the efficacy of markets.
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