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Loraine Loraine
wrote...
Posts: 4563
9 years ago
Perfect competition ________ an efficient outcome because ________.
A) achieves; total surplus is maximized
B) achieves; marginal benefit equals marginal cost
C) does not achieve; firms do not get to choose their price
D) does not achieve; firms produce goods with perfect substitutes
E) Both A and B are correct.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 339 times
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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Posts: 5500
9 years ago
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8 years ago
You're welcome Happy Dummy
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