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Author Question: Which assumption leads to an efficient allocation of resources among firms? (Read 101 times)

Cooldude101

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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.


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Marked as best answer by Cooldude101 on Apr 19, 2019

scrocafella

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Cooldude101

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Reply 2 on: Apr 19, 2019
Gracias!


triiciiaa

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Reply 3 on: Yesterday
Wow, this really help

 

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