Refer to the information provided in Figure 16.3 below to answer the question(s) that follow. 
Figure 16.3Refer to Figure 16.3. The ________ level of output of this product is 15.
A. efficient
B. break-even
C. market
D. unregulated
Answer: A
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Central planning is an efficient method for making coordination decisions.
Answer the following statement true (T) or false (F)
If there were five firms in an industry each with a 20% market share, what would the Herfindahl-Hirschman Index equal?
a. 80% b. 800 c. 1,600 d. 2,000
Which of the following is true of labor unions? a. They allow employees to participate in internal decision making. b. They can increase the amount of labor demanded by firms. c. They help to reduce wage differentials among co-workers
d. They can raise the wage above the market equilibrium level.
Which of the following is most nearly consistent with Say's law?
A) When a person produces one good, he or she plans to demand other goods. B) When a person produces a good, he or she plans to sell it. C) When a person buys a good, he or she plans to pay for it with money. D) When a person goes to work, he or she plans to produce.