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pirex pirex
wrote...
Posts: 634
6 years ago
At the competitive equilibrium quantity supplied equals quantity demanded in all markets.
True or False? Provide an explanation.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 76 times
1 Reply
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Replies
wrote...
6 years ago
True ... Because When the MRS=MRT=ratio of prices, the optimal product mix is produced efficiently and firms sell at marginal cost.
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