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badd99 badd99
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A year ago
In a competitive market economy with no externalities, allocative efficiency would exist if

▸ prices equal average variable cost in all markets.

▸ prices equal marginal costs in all markets.

▸ prices equal total cost in all markets.

▸ stringent government intervention exists.

▸ prices equal marginal revenue in all markets.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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nnennennenne
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A year ago
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badd99 Author
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A year ago
Thanks
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Yesterday
Just got PERFECT on my quiz
rene_ram97
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Helped a lot
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