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Home Q & A Board Other Fields Homework Help Business Economics
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apadong apadong
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6 years ago
In perfect competition, when firms are maximizing profits and households are maximizing utility,
A) the outcome is inefficient.
B) Pareto optimality has been obtained.
C) voluntary exchange can be used to make both firms and households better off.
D) individual welfare is maximized, but social welfare is not.
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DeToXiFYDeToXiFY
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6 years ago
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apadong Author
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#2
6 years ago
Correct Slight Smile
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