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Tidy Tidy
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9 years ago
A perfectly competitive industry achieves allocative efficiency because
A) goods and services are produced at the lowest possible cost.
B) goods and services are produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing it.
C) it produces where market price equals marginal production cost.
D) firms carry production surpluses.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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VincenzoDVincenzoD
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Tidy Author
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9 years ago
Just got PERFECT on my quiz
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Thanks
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This helped my grade so much Perfect
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