|
Title: Competitive pricing is efficient because Post by: tlc_71111 on Mar 3, 2019 Competitive pricing is efficient because
• firms make positive economic profits in long-run equilibrium. • the price that consumers pay reflects the opportunity cost to society of producing the good. • firms produce above the minimum efficient scale. • average revenue equals average cost. Title: Competitive pricing is efficient because Post by: rand22 on Mar 3, 2019 Content hidden
|