Which characteristic of competitive markets permits society to answer the WHAT to produce question efficiently?
A) Marginal cost pricing.
B) Average cost pricing.
C) Minimum cost pricing.
Correct Answer:
Verified
Q43: Economic losses are a signal to producers
A)That
Q44: In long-run perfectly competitive equilibrium,marginal cost
A)Is greater
Q45: Q46: When a firm is earning positive economic Q47: Technological improvements cause Q49: If price is above the long-run competitive Q50: Marginal cost pricing means that a firm
A)ATC to shift down.
B)The supply
A)Produces
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents