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

Author Question: In perfect competition, the condition that ensures that the right things are produced is (Read 55 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Apr 19, 2019

Question 1

Under perfect competition, the efficient level of output is produced because


◦ government regulates the output level that must be produced.
◦ firms earn only a normal profit in the long run.
◦ firms can earn an economic profit in the long run.
◦ price equals marginal cost.

Question 2

In perfect competition, the condition that ensures that the right things are produced is


◦ MU
X = 
P
X.
◦ P = 
MC.
◦ P = 
ATC.
◦ MRPL = 
ATC.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by big1devin on Apr 19, 2019

stallen

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Apr 19, 2019
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


big1devin

  • Hero Member
  • *****
  • Posts: 583
Reply #2 on: Apr 19, 2019
TY


stallen

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Apr 19, 2019
You're welcome


« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Discipline-specific training can take years to perfect. Discipline-specific training can take years to perfect.
Intussusception. The condition is caused by an infolding of the small intestine, which often causes Intussusception. The condition is caused by an infolding of the small intestine, which often causes
(a) Male competition can be fierce. (b) This male baboon has bite wounds suffered in competition wit (a) Male competition can be fierce. (b) This male baboon has bite wounds suffered in competition wit
France has produced most of its energy from nuclear power since the oil crisis of the 1970s France has produced most of its energy from nuclear power since the oil crisis of the 1970s
Biking competition in the park Biking competition in the park
Living and non living things Living and non living things
Video: Michaelis–Menten equation & Kinetic parameters

For a complete list of videos, visit our video library