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Under perfect competition, firms produce the ________ level of output because price equals marginal cost.

lstar1993

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Under perfect competition, firms produce the ________ level of output because price equals marginal cost.

Question 1.

In order to have ________ distribution of final products to households, free and open markets are essential.

▸ an efficient

▸ an equitable

▸ a fair

▸ All of these are correct.

Question 2.

Under perfect competition, firms produce the ________ level of output because price equals marginal cost.

▸ greatest

▸ most costly

▸ equitable

▸ efficient

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 94 times

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Jax

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lstar1993 Author

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5 years ago

this is exactly what I needed

carston

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Thank you, thank you, thank you!

jamiebonf99

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Thanks

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