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tlc_71111 tlc_71111
wrote...
Posts: 507
5 years ago
Competitive pricing is efficient because

• firms make positive economic profits in long-run equilibrium.

• the price that consumers pay reflects the opportunity cost to society of producing the good.

• firms produce above the minimum efficient scale.

• average revenue equals average cost.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 58 times
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Do What Makes You Come Alive
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rand22rand22
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Posts: 405
5 years ago
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tlc_71111 Author
wrote...

5 years ago
this is exactly what I needed
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

2 hours ago
Helped a lot
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