Most economists like perfect competition because
A) it raises profits.
B) it reduces the role of government in providing public goods.
C) economists appreciate perfect systems.
D) it results in economic efficiency.
E) none of these; economists do not like perfect competition.
Correct Answer:
Verified
Q1: Which of the following is the closest
Q2: As competitors enter a market, demand becomes
Q4: A perfectly competitive market is characterized by
A)
Q5: When perfectly competitive firms produce at a
Q6: A product is turned into a commodity
Q7: More competitors will increase the market supply,
Q8: The results of competition will be different
Q9: "Creative destruction" is:
A) always easy and fast
B)
Q10: All of the following are characteristics of
Q11: Which of the following is most likely
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