This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which assumption leads to an efficient allocation of resources among firms? (Read 100 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
on: Apr 19, 2019

Question 1

Under perfect competition


◦ resources are allocated among firms equitably.
◦ final products are distributed among households equitably.
◦ the system produces the goods and services consumers want.
◦ All of these are correct.

Question 2

Which assumption leads to an efficient allocation of resources among firms?


◦ Factor markets are open and competitive.
◦ All firms pay different prices for identical inputs.
◦ Firms behave so as to minimize their profits.
◦ All of these are correct.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Cooldude101 on Apr 19, 2019

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Apr 19, 2019
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.
Answer Preview
Only 39% of students answer this correctly


Cooldude101

  • Member
  • Posts: 557
Reply 2 on: Apr 19, 2019
:D TYSM

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Varicosis. (a) Varicose veins develop due to the failure of valves in the superficial veins of the l Varicosis. (a) Varicose veins develop due to the failure of valves in the superficial veins of the l
Cross section of heart with pacemaker leads Cross section of heart with pacemaker leads
Mining Mineral Resources Mining Mineral Resources
Aspartate leads via homoserine to threonine, lysine, and methionine Aspartate leads via homoserine to threonine, lysine, and methionine
Economic objectives of firms Economic objectives of firms
Competitive firms and maximization Competitive firms and maximization
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library