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Author Question: Which assumption leads to an efficient allocation of resources among firms? (Read 57 times)

Cooldude101

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on: Apr 19, 2019

Question 1

Under perfect competition


◦ resources are allocated among firms equitably.
◦ final products are distributed among households equitably.
◦ the system produces the goods and services consumers want.
◦ All of these are correct.

Question 2

Which assumption leads to an efficient allocation of resources among firms?


◦ Factor markets are open and competitive.
◦ All firms pay different prices for identical inputs.
◦ Firms behave so as to minimize their profits.
◦ All of these are correct.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Cooldude101 on Apr 19, 2019

scrocafella

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Reply #1 on: Apr 19, 2019
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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Cooldude101

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

ashely1112

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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