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Author Question: Perfect competition ________ an efficient outcome because ________. (Read 70 times)

codyclark

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on: May 24, 2019
Perfect competition ________ an efficient outcome because ________.
◦ achieves; total surplus is maximized
◦ achieves; marginal benefit equals marginal cost
◦ does not achieve; firms do not get to choose their price
◦ does not achieve; firms produce goods with perfect substitutes
◦ Both achieves; total surplus is maximized and achieves; marginal benefit equals marginal cost are correct.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by codyclark on May 24, 2019

wfdfwc23

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Reply #1 on: May 24, 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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codyclark

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Reply 2 on: May 24, 2019
Gracias!

upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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