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Author Question: Monopolistically competitive firms achieve allocative efficiency but not productive efficiency. ... (Read 148 times)

wenmo

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Monopolistically competitive firms achieve allocative efficiency but not productive efficiency.
 
  Indicate whether the statement is true or false

Question 2

If the growth rate of real GDP rises from 3 to 4 per year, then the number of years required to double real GDP will decrease from
 
  A) 11.2 years to 10.8 years. B) 23.3 years to 17.5 years.
  C) 28.0 years to 21.0 years. D) 23.3 years to 20.6 years.
 
  Table 21-1
 
  Year Real GDP (billions of 2000 dollars)
  2013 8,700
  2014 8,875
  2015 9,000
  2016 9,280


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kusterl

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wenmo

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Reply 2 on: Jun 29, 2018
Excellent


Chelseyj.hasty

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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