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Author Question: An economy in which there are no market failures and all industries are in a competitive long-run ... (Read 46 times)

903f23fj0

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on: Oct 12, 2022
An economy in which there are no market failures and all industries are in a competitive long-run equilibrium is one where
1. allocative efficiency is achieved;
2. the economy is on the production possibilities boundary;
3. there is no incentive for firms to enter or leave industries.
◦ 1 and 2
◦ 2 and 3
◦ 2 only
◦ 1 and 3
◦ 1, 2, and 3
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by 903f23fj0 on Oct 12, 2022

lactosetheintolerant

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Reply #1 on: Oct 12, 2022
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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903f23fj0

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

blakcmamba

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Reply 3 on: Yesterday
Excellent

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