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If market is purely competitive and price in the market is greater than firm's marginal cost (P>MC). It means firm is dealing with _____________________ of
If market is purely competitive and price in the market is greater than firm's marginal cost (P>MC). It means firm is dealing with _____________________ of resources. Group of answer choices under-allocation over-allocation No basis to determine optimal allocation
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
