In long-run equilibrium, a monopolistically competitive firm achieves optimal productive efficiency but not optimal allocative efficiency.
Answer the following statement true (T) or false (F)
False
Economics
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Suppose the CPI was 104 in 1967, and suppose currently the CPI is 390 . According to the CPI, $10 in 1967 purchased the same number of goods and services as
a. $28.88 purchases today. b. $37.50 purchases today. c. $42.64 purchases today. d. $104.00 purchases today.
Economics
What are economies of scale? What are diseconomies of scale?
What will be an ideal response?
Economics