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Author Question: Consider an industry with three profit-maximizing firms producing identical soccer jerseys. At their ... (Read 148 times)

kled

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on: Oct 12, 2022
Consider an industry with three profit-maximizing firms producing identical soccer jerseys. At their current levels of output, Firm A has a MC of $22, Firm B has a MC of $26, and Firm C has a MC of $27. Each firm is minimizing its costs for its given level of output. Which of the following statements is definitely true?
◦ Each firm is productively efficient but the industry is not.
◦ Each firm and the industry are allocatively efficient.
◦ The industry is productively efficient but each firm is not.
◦ Each firm and the industry are productively efficient.
◦ Each firm is allocatively efficient but the industry is not.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by kled on Oct 12, 2022

bobbbbb

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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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kled

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

smrtceo

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

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