At the Level of the Industry,the Condition for Productive Efficiency

question 69

Multiple Choice

At the level of the industry,the condition for productive efficiency is that

• A)MRP = P for all inputs.
• B)MC = P for all goods.
• C)goods are allocated equitably.
• D)MC is equal for all firms in the industry.
• E)there are no idle resources in the industry.

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Definitions:

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