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Home Q & A Board Other Fields Homework Help Business Economics
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knoeller33 knoeller33
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A year ago

Which of the following statements is false?



▸

A perfectly competitive firm is resource-allocative efficient, but a monopolistic competitive firm is not.



▸

An oligopolistic firm is not resource-allocative efficient.



▸

An oligopolist produces that quantity of output at which price is equal to marginal cost.



▸

A monopolistic competitive firm produces a quantity of output at which price is greater than marginal cost.

Textbook 
Economics

Economics


Edition: 12th
Author:
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snowcat012snowcat012
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A year ago
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knoeller33 Author
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A year ago
This site is awesome
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Thanks for your help!!
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Just got PERFECT on my quiz
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