A perfectly competitive firm is allocatively efficient because price is identical to marginal cost at every quantity
a. True
b. False
B
Economics
You might also like to view...
Many college football teams require a "donation" in order to purchase season tickets. This is an example of
A) price gouging. B) tie-in sale. C) two-part pricing. D) anti-competitive behavior.
Economics
The maximum increase in the money supply possible from a deposit of $D into the banking system where R is the reserve requirement is
A. (1 / R)(D? R). B. RĂ— D. C. (1 / R)(1 ? R)D. D. (1 / R)D.
Economics