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flemingpk flemingpk
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A year ago

If a perfectly competitive firm and a single-price monopolist face the same demand and cost curves, then



▸

the competitive firm will attain resource-allocative efficiency, but the monopolist will not.



▸

the competitive firm will attain resource-allocative efficiency, but the monopolist may or may not, depending upon the demand for its product.



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the competitive firm will not attain resource-allocative efficiency, but the monopolist will.



▸

both the competitive firm and the monopolist will attain resource-allocative efficiency.



▸

neither the competitive firm nor the monopolist will attain resource-allocative efficiency.

Textbook 
Economics

Economics


Edition: 12th
Author:
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mr.pogimr.pogi
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A year ago
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flemingpk Author
wrote...

A year ago
Correct Slight Smile TY
Marctheshark
wrote...

Yesterday
Smart ... Thanks!
deathwing
wrote...

2 hours ago
Good timing, thanks!
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