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Author Question: The diagram below shows themarketdemand curve and the cost curves for a single firm.FIGURE 12-7Refer ... (Read 32 times)

jlbond23

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on: Oct 12, 2022

The diagram below shows the market demand curve and the cost curves for a single firm.



FIGURE 12-7

Refer to Figure 12-7. Suppose this firm is being regulated using a policy of marginal-cost pricing. In this case,


◦ allocative efficiency is achieved because profits are maximized.
◦ the result is allocatively inefficient because the firm is suffering losses.
◦ the result is allocatively inefficient because the marginal cost curve lies below the ATC curve.
◦ the result is allocatively inefficient because the firm is earning profits.
◦ allocative efficiency is achieved because price equals marginal cost.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jlbond23 on Oct 12, 2022

hiyayyay

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Reply #1 on: Oct 12, 2022
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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jlbond23

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

connor417

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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