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In a Competitive Market Economy with No Externalities,allocative Efficiency Would

Question 3

Multiple Choice

In a competitive market economy with no externalities,allocative efficiency would exist if


A) prices equal total cost in all markets.
B) prices equal marginal revenue in all markets.
C) prices equal marginal costs in all markets.
D) prices equal average variable cost in all markets.
E) stringent government intervention exists.

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