To achieve ________, marginal cost ________ marginal benefit
A) production efficiency; must equal
B) production efficiency; must be greater than
C) allocative efficiency; must be greater than
D) allocation efficiency; must be less than
E) allocative efficiency; must equal
E
Economics
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Suppose that the productivity used to produce computers advances. How does this change affect the supply of computers and the supply curve of computers?
What will be an ideal response?
Economics
When there is no cooperation among oligopolists, their behavior can mimic the elements of both _____ and _____
a. monopolistic competition; a monopoly b. a monopoly; competitive markets c. competitive markets; monopolistic competition d. a monopoly; contestable markets
Economics