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Author Question: If all firms are profit maximizers, then the following is assured: (Read 321 times)

0220521

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on: Oct 12, 2022

Question 1

Which of the following is an example of an industry that succeeds in formally restricting entry, thereby maintaining prices above competitive levels?
◦ dentistry
◦ book publishing
◦ transport trucking
◦ window washing
◦ beef cattle ranching

Question 2

If all firms are profit maximizers, then the following is assured:
◦ that the economy is operating inside the production possibilities boundary.
◦ that firms attain the lowest possible average costs.
◦ each firm is productively efficient.
◦ allocative and productive efficiency.
◦ allocative efficiency.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by 0220521 on Oct 12, 2022

mllong

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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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0220521

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

carojassy25

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Reply 3 on: Yesterday
Wow, this really help

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