If all opportunities for Pareto improvements have been exhausted,
A) economic efficiency has been achieved
B) the allocation of goods and services is fair
C) perfect competition has been achieved
D) the economy is in disequilibrium
E) economic inefficiency has been achieved
Correct Answer:
Verified
Q21: Economic efficiency
A)is guaranteed in perfectly competitive and
Q22: Of the four major market structures,oligopoly is
Q23: If 10 units of a good are
Q24: Competitive pricing
A)ensures that goods will be allocated
Q25: The benefit to some consumer of the
Q27: Pareto improvements occur
A)through the tax system
B)rarely in
Q28: The supply curve indicates
A)the price that will
Q29: The market demand curve indicates
A)the minimum price
Q30: Tom carries on loud cellphone conversations in
Q31: The height of the market supply curve
A)at
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents