What two conditions must hold for a competitive market to produce efficient outcomes? group of answer choices firms must maximize profits, and consumers must all pay prices equal to their maximum willingness to pay. supply curves must reflect all costs of production, and demand curves must reflect consumers' full willingness to pay. demand curves must reflect all costs of production, and supply curves must reflect consumers' full willingness to pay. firms must minimize production costs, and consumers must minimize total expenditures.

If his parents cannot alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.a. after a long search, jon finds a job.b. tyrion, a full-time college student, graduates and is immediately employed.c. after an unsuccessful job search, arya gives up looking and retires.d. daenerys quits her job to become a stay-at-home mom.e. sansa has a birthday, becomes an adult, but has no interest in working.f. jaime has a birthday, becomes an adult, and starts looking for a job.g. cersei dies while enjoying retirement.h. jorah dies working long hours at the office.

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product