This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In perfect competition, P= MCis the condition that (Read 7 times)

go.lag

  • Hero Member
  • *****
  • Posts: 667
on: Apr 19, 2019

Question 1

Under perfect competition, firms produce the ________ level of output because price equals marginal cost.


◦ greatest
◦ most costly
◦ equitable
◦ efficient

Question 2

In perfect competition, 
P = 
MC is the condition that


◦ guarantees that firms will make an economic profit.
◦ ensures that firms produce the right things.
◦ encourages firms to enter an industry.
◦ holds only in the long run.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by go.lag on Apr 19, 2019

yasmina

  • Sr. Member
  • ****
  • Posts: 323
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.
Answer Preview
Only 56% of students answer this correctly


go.lag

  • Member
  • Posts: 667
Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Influence of abiotic factors on competition between T. castaneum and T. confusum. Influence of abiotic factors on competition between T. castaneum and T. confusum.
The frequency of competition according to the number of species involved. The frequency of competition according to the number of species involved.
Competition among Paramecium species. Competition among Paramecium species.
A horse and rider in dressage competition at the Olympics A horse and rider in dressage competition at the Olympics
Discipline-specific training can take years to perfect. Discipline-specific training can take years to perfect.
Man undergoing a stress test on a treadmill while physician monitors his condition Man undergoing a stress test on a treadmill while physician monitors his condition
Video: Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library