Which of the following best describes equilibrium?
a. a situation where the government inter...
Business, 20.12.2019 06:31, saggirl1209
Which of the following best describes equilibrium?
a. a situation where the government intervenes to allocate resources
b. a situation where only one individual or firm takes an optimum decision
c. a situation where no economic agent would benefit by changing his or her behavior
d. a situation where economic agents do not optimize as they do not have perfect information
Answers: 1
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