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Resource allocative efficiency exists for a perfectly competitive firm because

britt138

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11 months ago

Resource allocative efficiency exists for a perfectly competitive firm because

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price equals marginal revenue and the firm equates marginal revenue and marginal cost to maximize profits.

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price equals average total cost and the firm equates marginal revenue and average total cost to maximize profits.

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price is greater than marginal revenue and the firm equates marginal revenue with average total cost to maximize profits.

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price is less than marginal revenue and the firm equates marginal cost and marginal revenue to maximize profits.

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none of the above

Textbook

Economics

Edition: 12^th

Author: Arnold

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fs125

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11 months ago

More solutions for this book are available here

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britt138 Author

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11 months ago

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

Katey_maree

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Yesterday

Thanks

jmelchor77

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2 hours ago

Helped a lot

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