Which of these statements is generally accepted by economists? Perfect competition

A) provides both equity and efficiency.
B) provides equity but not necessarily efficiency.
C) provides efficiency but not necessarily equity.
D) generally satisfies neither efficiency nor equity.

C

Economics

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The larger the portion of a person's total budget spent on a good, the more inelastic the demand for the good

Indicate whether the statement is true or false

Economics

Which is distributed more equally: income or wealth?

What will be an ideal response?

Economics