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

Question

Quizplus · Accepted Answer

Productive efficiency at the industry level occurs when all firms produce at the lowest possible cost, which means that the marginal cost (MC) is equal across all firms.

At the Level of the Industry, the Condition for Productive