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Loraine Loraine
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9 years ago
In a perfectly competitive market, a(n) ________ occurs because ________.
A) efficient outcome; total surplus is maximized
B) deadweight loss; firms minimize average minimum cost
C) efficient outcome; the fair rules condition is met
D) deadweight loss; firms must be price takers
E) deadweight loss; total surplus is minimized
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
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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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8 years ago
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8 years ago
Don't mention it Happy Dummy
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