Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
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 57 times
1 Reply
Do What Makes You Come Alive
Replies
Answer verified by a subject expert
rand22rand22
wrote...
Posts: 405
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

tlc_71111 Author
wrote...

5 years ago
You make an excellent tutor!
wrote...

Yesterday
Smart ... Thanks!
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  958 People Browsing
Related Images
  
 234
  
 73
  
 810
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 308

Previous poll results: Do you believe in global warming?