-In the above table, if the market is perfectly competitive and unregulated, at the equilibrium output level
A) resource allocation is efficient.
B) resource allocation is inefficient.
C) too many units of output are produced.
D) consumers pay too low a price.

Question

-In the above table, if the market is perfectly competitive and unregulated, at the equilibrium output level
A) resource allocation is efficient. 
B) resource allocation is inefficient. 
C) too many units of output are produced. 
D) consumers pay too low a price.

Quizplus · Accepted Answer

The Answer of 
-In the above table, if the market is perfectly competitive and unregulated, at the equilibrium output level
A) resource allocation is efficient. 
B) resource allocation is inefficient. 
C) too many units of output are produced. 
D) consumers pay too low a price.

-In the Above Table, If the Market Is Perfectly Competitive