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Author Question: In principle, a comparison of the long-run equilibrium of competitive and (single-price) monopoly ... (Read 64 times)

frosh101

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on: Oct 12, 2022
In principle, a comparison of the long-run equilibrium of competitive and (single-price) monopoly industries leads to the following conclusion:
◦ The competitive industry is consistent with allocative efficiency whereas the monopoly is not.
◦ Both the competitive industry and the monopoly will allocate resources efficiently.
◦ Neither industry is capable of allocative efficiency.
◦ Both the competitive industry and the monopoly will allocate resources inefficiently.
◦ The competitive industry will achieve productive efficiency but the monopoly will not.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by frosh101 on Oct 12, 2022

koswald

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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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frosh101

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

covalentbond

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

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