Author Question: Firms in a perfectly competitive market achieve both allocative and productive efficiency in the ... (Read 154 times)

jjjetplane · **on:** Jun 30, 2018

Firms in a perfectly competitive market achieve both allocative and productive efficiency in the short run
a. True
b. False

Question 2

If a monopolist engages in perfect price discrimination,
a. the marginal revenue curve becomes steeper
b. the demand curve also becomes the marginal revenue curve
c. the demand curve is steeper than the marginal revenue curve
d. the demand curve is not as steep as the marginal revenue curve
e. there is no way to define its marginal revenue