Author Question: A perfectly competitive firm is allocatively efficient because price is identical to marginal cost ... (Read 55 times)

cagreen833 · **on:** Jun 30, 2018

A perfectly competitive firm is allocatively efficient because price is identical to marginal cost at every quantity
a. True
b. False

Question 2

Which of the following is not an example of De Beers Diamonds trying to increase consumer demand?
a. sending the marketing message that a diamond lasts forever
b. ads that illustrate that a diamond should remain in the family and not be sold
c. informing potential customers about how diamonds lose monetary value over time
d. introducing the idea of the diamond engagement ring
e. the spirit ring as a sign of independence