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Sammyjoe1105 Sammyjoe1105
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A year ago
The Canadian economy would achieve allocative efficiency if

▸ marginal product is equal for all factors of production.

▸ marginal cost equals price in all industries.

▸ there are no idle resources in the economy.

▸ marginal cost is equalized across industries.

▸ price equals average cost in all industries.
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Microeconomics

Microeconomics


Edition: 17th
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sherry94sherry94
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A year ago
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