Firms in a perfectly competitive market achieve both allocative ...

[jjjetplane]

Firms in a perfectly competitive market achieve both allocative and productive efficiency in the short run
 a. True
  b. False

Question 2

If a monopolist engages in perfect price discrimination,
 a. the marginal revenue curve becomes steeper
  b. the demand curve also becomes the marginal revenue curve
  c. the demand curve is steeper than the marginal revenue curve
  d. the demand curve is not as steep as the marginal revenue curve
  e. there is no way to define its marginal revenue

[paavo]

Answer to Question 1

B

Answer to Question 2

B

[jjjetplane]

Thanks for the timely response, appreciate it

[amit]

Excellent