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

Author Question: In the absence of other market failures, allocative efficiency is achieved in a perfectly ... (Read 49 times)

Gabby

  • Full Member
  • ***
  • Posts: 153
on: Oct 12, 2022
In the absence of other market failures, allocative efficiency is achieved in a perfectly competitive industry because
◦ firms do not need to maximize profits.
◦ the industry produces a level of output such that the marginal cost to producers equals the marginal benefit to consumers.
◦ the industry produces a level of output such that there are increasing returns to scale.
◦ there are barriers to entry.
◦ the industry produces a level of output such that the marginal cost of production is minimized.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Gabby on Oct 12, 2022

kaynelson17

  • Full Member
  • ***
  • Posts: 141
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.
Answer Preview
Only 56% of students answer this correctly


Gabby

  • Member
  • Posts: 153
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

An example of sodium balance achieved by the coordinated actions of three hormones. An example of sodium balance achieved by the coordinated actions of three hormones.
Eye ball perfectly labelled (map) Eye ball perfectly labelled (map)
Efficiency vs. Equity Efficiency vs. Equity
Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق" Plan of Trajan's Forum and Market "خطة منتدى ترجان والسوق"
Main Hall, Trajan's Market Main Hall, Trajan's Market
The response of the lac operon in the absence of lactose The response of the lac operon in the absence of lactose
Video: Role of the urinary system - acidosis and alkalosis

For a complete list of videos, visit our video library