What assumptions lead to the conclusion that that the allocation of resources among firms is efficient
What will be an ideal response?
The assumptions that factor markets are competitive and open, that all firms pay the same prices for inputs, and that all firms maximize profits lead to the conclusion that the allocation of resources among firms is efficient.
Economics
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In the short run, how does Fed open market purchases affect interest rates?
A. increases B. decreases C. doesn't change
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In commercial banking operations, there is a trade-off between liquidity and profitability
a. True b. False Indicate whether the statement is true or false
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