The Canadian economy is achieving allocative efficiency if
A) marginal product is equal for all factors of production.
B) there are no idle resources in the economy.
C) marginal cost equals price in all industries.
D) marginal cost is equalized across industries.
E) price equals average cost in all industries.
Correct Answer:
Verified
Q102: FIGURE 12- 3 Q103: If a perfectly competitive industry was suddenly Q104: The diagram below shows cost and revenue Q105: A regulated monopoly that faces rising long- Q106: The diagram below shows supply,demand,and quantity exchanged Q108: Consider an industry with three profit- maximizing Q109: FIGURE 12- 1 Consider three firms,A,B and Q110: The deadweight loss of monopoly is Q111: FIGURE 12- 3 Q112: FIGURE 12- 1 Consider three firms,A,B and
A)any negative
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