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Loraine Loraine
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8 years ago
Perfect competition ________ a fair outcome ________.
A) achieves; because both the fair rules and fair results conditions are met
B) achieves; because total surplus is maximized
C) does not achieve; because entrepreneurs only earn a normal profit
D) does not achieve; because firms must be price takers
E) may achieve; if average total costs are minimized
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
No problemo Happy Dummy
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