Question
In equilibrium this firm fails to achieve allocative efficiency because: A. P > MC at equilibrium B. P=MC at equilibrium C. P
In equilibrium this firm fails to achieve allocative efficiency because:
| A. | P > MC at equilibrium | |
| B. | P=MC at equilibrium | |
| C. | P | |
| D. | This statement is false. This firm does achieve allocative efficiency at equilbrium. |
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
