If all firms are profit maximizers, then the following is assured:
A) allocative efficiency.
B) that firms attain the lowest possible average costs.
C) productive efficiency.
D) that the economy reaches the production possibilities boundary.
E) allocative and productive efficiency.

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The Answer of If all firms are profit maximizers, then the following is assured:
A) allocative efficiency.
B) that firms attain the lowest possible average costs.
C) productive efficiency.
D) that the economy reaches the production possibilities boundary.
E) allocative and productive efficiency.

If All Firms Are Profit Maximizers, Then the Following Is