At the level of the industry,the condition for productive efficiency is that
A)MRP = P for all inputs.
B)MC = P for all goods.
C)goods are allocated equitably.
D)MC is equal for all firms in the industry.
E)there are no idle resources in the industry.

Question

Quizplus · Accepted Answer

Productive efficiency at the industry level occurs when the marginal cost (MC) is equal for all firms, ensuring that resources are allocated in a way that minimizes total production costs.

At the Level of the Industry,the Condition for Productive Efficiency