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stars_and_moon stars_and_moon
wrote...
Posts: 3218
7 years ago
If producers were forced to produce more than the quantity given by the market equilibrium for pure competition,
A) the market would be efficient because more is being produced.
B) there would be inefficiency because marginal cost is greater than marginal benefit.
C) there would be inefficiency because marginal cost is less than marginal benefit.
D) there would be inefficiency because marginal cost is equal to marginal benefit.
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kingbykingby
wrote...
Top Poster
Posts: 3218
7 years ago
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wrote...
7 years ago
Perfectly answered Smiling Face with Open Mouth

Cheers
wrote...
7 years ago
I was slightly debating this one, thanks for the feedback
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