× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
New Topic  
BethElis BethElis
wrote...
Posts: 677
Rep: 0 0
6 years ago
Efficiency comes about in perfectly competitive free markets when:
 
  a. Firms are motivated to invest resources in industries with a high consumerdemand and move away from industries where demand is low.
 b. Firms are encouraged firms to minimize the resources they consume to produce acommodity and to use the most efficient technologies.
 c. Commodities are distributed among buyers such that buyers receive the mostsatisfying commodities they can purchase, given what is available to them and
 the amount they have to spend.
  d. All the above
  e. A & B
Read 51 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
D
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1198 People Browsing
Related Images
  
 266
  
 1185
  
 257
Your Opinion
Where do you get your textbooks?
Votes: 372