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Author Question: In perfect competition, P= MCis the condition that (Read 43 times)

go.lag

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on: Apr 19, 2019

Question 1

Under perfect competition, firms produce the ________ level of output because price equals marginal cost.


◦ greatest
◦ most costly
◦ equitable
◦ efficient

Question 2

In perfect competition, 
P = 
MC is the condition that


◦ guarantees that firms will make an economic profit.
◦ ensures that firms produce the right things.
◦ encourages firms to enter an industry.
◦ holds only in the long run.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by go.lag on Apr 19, 2019

yasmina

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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.
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go.lag

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

Dinolord

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Reply 3 on: Yesterday
:D TYSM

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