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Loraine Loraine
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9 years ago
Comparing a perfectly competitive market to a single-price monopoly with the same costs, we see that
A) both markets are equally efficient in their use of resources.
B) the monopoly market always is more efficient in the use of resources.
C) the perfectly competitive market achieves efficiency in resource use while the monopoly market does not.
D) the monopoly market achieves efficiency in resource use while perfectly competitive market does not.
E) None of the above answers is correct because comparing a perfectly competitive market to a monopoly is impossible.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 210 times
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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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VincenzoDVincenzoD
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9 years ago
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Loraine Author
wrote...

9 years ago
Thanks
hpascoe
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
annielin111
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2 hours ago
Good timing, thanks!
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