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Author Question: Choose the statement that best compares the long-run equilibrium of a competitive industry with that ... (Read 74 times)

Rafic Kaaki

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on: Oct 12, 2022
Choose the statement that best compares the long-run equilibrium of a competitive industry with that in a monopolized industry (with a single price).
◦ Allocative efficiency is not possible in either industry.
◦ Allocative efficiency will be achieved in the monopolized, but not the competitive industry.
◦ Resources will be allocated efficiently in both the competitive and monopolized industries.
◦ Allocative efficiency will be achieved in the competitive, but not the monopolized industry.
◦ It is not possible to make this comparison because firms in a competitive industry operate only in the short run.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Rafic Kaaki on Oct 12, 2022

Spike8502

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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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Rafic Kaaki

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Reply 2 on: Oct 12, 2022
Excellent

Animal_Goddess

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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