Some economists argue that competitive price-searcher markets are inefficient because
a. the firms earn economic profits in the long run.
b. the firms' marginal costs and marginal revenues are not always equal.
c. firms do not produce the output rate that would minimize their average total costs.
d. barriers to entry are high.
C
Economics
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The Consumer Price Index (CPI) relies on the calculation of
A) prices of a variable basket of goods that changes frequently. B) prices of a fixed basket of goods that does not change often. C) the components of GDP that change annually. D) the components of GDP that do not change frequently.
Economics
Distinguish between monetary policy instruments and goals
What will be an ideal response?
Economics