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Author Question: Under perfect competition and in the absence of externalities which of the following is FALSE? (Read 22 times)

ARLKQ

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on: May 25, 2020
Under perfect competition and in the absence of externalities which of the following is FALSE?
◦ As long as all firms have access to the same input markets and the same input prices, the last unit of an input hired will produce the same value in each firm.
◦ Households will buy a good as long as the good generates utility that is greater than the good's market price.
◦ Resources are allocated efficiently among firms.
◦ What is produced is distributed efficiently, but the market may not produce the things that people want.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by ARLKQ on May 25, 2020

joewallace

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Reply #1 on: May 25, 2020
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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ARLKQ

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Reply 2 on: May 25, 2020
:D TYSM

CAPTAINAMERICA

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

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