6 Economists often argue that pure competition leads to ideal economic efficiency because (a) costs of production

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6 Economists often argue that pure competition leads to ideal economic efficiency because

(a) costs of production are minimized and

(b) profit-maximizing producers produce the goods consumers desire most.

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Essentials Of Economics

ISBN: 396414

2nd Edition

Authors: James D Gwartney; Richard Stroup; J R Clark

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