To Achieve Allocative Efficiency, Firms

question 95

Multiple Choice

To achieve allocative efficiency, firms

• A)strive to minimize fixed costs
• B)strive to maximize profits
• C)produce at their minimum long-run average cost
• D)produce at their minimum long-run marginal cost
• E)produce the output consumers want most

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Definitions:

Geminal Dihalide

Organic compounds where two halogen atoms are attached to the same carbon atom.

Dibromocyclopentane

A cyclopentane molecule in which two hydrogen atoms have been replaced by bromine atoms.

Dichloropentane

A type of organic compound that consists of a pentane chain with two chlorine atoms attached, which can exist in multiple isomeric forms.

Alkyl Chloride

A type of organic compound where one or more hydrogens in an alkyl group is replaced by chlorine; often used in organic synthesis and as solvents or intermediates.