According to Shepherd, the percentage of industries that were ...

[rmenurse]

According to Shepherd, the percentage of industries that were effectively competitive in 1988 is approximately
 a. 25 percent
  b. 50 percent
  c. 64 percent
  d. 77 percent
  e. 89 percent

Question 2

Resources are efficiently allocated when production occurs at that point at which
 a. marginal cost intersects average variable cost
  b. price is equal to average revenue
  c. price is equal to marginal cost
  d. marginal revenue equals marginal cost
  e. price is equal to average variable cost

[AaaA]

Answer to Question 1

D

Answer to Question 2

C

[rmenurse]

Correct answers!

[AaaA]

Great! Please up vote