Biology Forums - Study Force

Other Fields Homework Help Economics Topic started by: Tidy on Jun 21, 2015



Title: Only one of the following statements is correct. The statements compare perfectly competitive (PC) m
Post by: Tidy on Jun 21, 2015
Only one of the following statements is correct. The statements compare perfectly competitive (PC) markets and monopolistically competitive (MC) markets. Which statement is correct?
A) Productive efficiency is achieved in both PC and MC markets. Allocative efficiency is achieved only in MC markets.
B) Allocative efficiency is achieved in both PC and MC markets. Productive efficiency is achieved only in PC markets.
C) Productive efficiency and allocative efficiency are both achieved in PC markets. Neither is achieved in MC markets.
D) Allocative efficiency is achieved only in PC markets. Productive efficiency is achieved only in MC markets.


Title: Re: Only one of the following statements is correct. The statements compare perfectly competitive (P
Post by: Chimelo46 on Jul 20, 2015
Content hidden


Title: Re: Only one of the following statements is correct. The statements compare perfectly competitive (PC) m
Post by: Chimelo46 on Aug 31, 2015
Glad to help you, and good luck with your course.