Question
Which of the below explains why perfect competition is necessary for factor price equalization theorem to hold? A. so that all firms in the market
Which of the below explains why perfect competition is necessary for factor price equalization theorem to hold?
A. so that all firms in the market are fully efficient B. so that there is no one firm that has advantage over another C. none of the options provided D. so that the real price of a factor is equal to its marginal productivity
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Econophysics And Financial Economics An Emerging Dialogue
Authors: Franck Jovanovic, Christophe Schinckus
1st Edition
0190205032, 9780190205034
