There are a few generally accepted rules that apply to most Latin abbreviations. The major style manuals (MLA, APA and Chicago) agree that Latin abbreviations should be kept out of the main body of a text-that is, they should not appear in ordinary sentences within ordinary paragraphs.
Efficient-market hypothesis. Efficient-market hypothesis (EMH) is a theory in financial economics that states that an asset's prices fully reflect all available information.
The condition that ensures that the right things are produced is P = MC. Or the value to a consumer equals the costs of producing the product. price; marginal cost; p=mc. Society will produce the efficient mix of output if all firms equate _____ and _____ _____. The notion that markets are nearly competitive (â__=__) is argued by conservatives as justification for minimal gov't intervention in markets. market failure. Occurs when resources are misallocated, or allocated inefficiently.