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

Author Question: An economy in which there are no market failures and all industries are in a competitive long-run ... (Read 69 times)

903f23fj0

  • Full Member
  • ***
  • Posts: 151
on: Oct 12, 2022
An economy in which there are no market failures and all industries are in a competitive long-run equilibrium is one where
1. allocative efficiency is achieved;
2. the economy is on the production possibilities boundary;
3. there is no incentive for firms to enter or leave industries.
◦ 1 and 2
◦ 2 and 3
◦ 2 only
◦ 1 and 3
◦ 1, 2, and 3
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by 903f23fj0 on Oct 12, 2022

lactosetheintolerant

  • Full Member
  • ***
  • Posts: 149
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.
Answer Preview
Only 25% of students answer this correctly


903f23fj0

  • Member
  • Posts: 151
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Competitive inhibition Competitive inhibition
Solution (Polynomial Long Division) Solution (Polynomial Long Division)
How long does it take you to see the circles? How long does it take you to see the circles?
Long-Term Potentiation and Long-Term Depression Long-Term Potentiation and Long-Term Depression
The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage
A pleasant smile can go a long way, even through telephone lines. A pleasant smile can go a long way, even through telephone lines.
Video: Rods and Cones Animation

For a complete list of videos, visit our video library