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Author Question: Allocative efficiency in the production of cherries means that consumers can eat all of the cherries ... (Read 77 times)

jessicacav

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on: Jun 29, 2018
Allocative efficiency in the production of cherries means that consumers can eat all of the cherries they desire. Is this statement true or false?
 
  What will be an ideal response?

Question 2

In a perfectly competitive market, if market price is higher than the average total cost of production, ________.
 
  A) firms will incur losses in the long run
  B) firms will make profits in the long run
  C) new firms will enter the industry
  D) firms will exit the industry
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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britb2u

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jessicacav

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Bigfoot1984

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

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