When all the conditions for perfect competition are met,
A) resources are allocated among firms efficiently.
B) final products are distributed among households efficiently.
C) the system produces the goods and services consumers want.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

When all conditions for perfect competition are met, resources are allocated efficiently among firms, final products are distributed efficiently among households, and the system produces the goods and services that consumers want, making all of the statements correct.

When All the Conditions for Perfect Competition Are Met