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Home Q & A Board Other Fields Homework Help Business Economics
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meikunn2565 meikunn2565
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3 years ago
If a nationalised industry is run in the public interest or if the industry is privately owned, but regulated so that it is required to operate in the public interest, and if all other industries were operating under perfect competition and there were no externalities, then the socially optimum output for the industry would be to produce where

▸ AR = AC.

▸ MR = MC.

▸ MC = P.

▸ P = AR.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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Steve T.Steve T.
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meikunn2565 Author
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3 years ago
Helped a lot
noodlelicker
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Just got PERFECT on my quiz
jayfo05
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2 hours ago
Smart ... Thanks!
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