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Author Question: Productive efficiency does not hold for a profit-maximizing, monopolistically competitive firm in ... (Read 100 times)

jenna1

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Productive efficiency does not hold for a profit-maximizing, monopolistically competitive firm in the long-run equilibrium because the firm operates along the diseconomies-of-scale region of its average total cost curve.
 
  Indicate whether the statement is true or false

Question 2

One result of the public choice model is that most economists believe that
 
  A) policymakers may have incentives to intervene in the economy in ways that do not promote economic efficiency.
  B) the voting paradox will prevent voters from selecting the best person for public office.
  C) when market failure occurs, government intervention will always lead to a more efficient outcome.
  D) government intervention will always result in a reduction in economic efficiency in regulated markets.


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pangili4

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jenna1

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


ricroger

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

 

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