Adapted source: https://www. researchgate. net/pu ONS
vide the term for the following statements:
1
Businesses do not maximise output from the given inputs.
2
When businesses produce goods and services that consumers dor
What is the effect on the market when suppliers under invest in their busi
Why is price discrimination not possible under perfect market conditions
What are the consequences of negative externalities on society?
Briefly describe the term rent seeking.
Why is rent seeking bad for the economy?​