If All Firms Are Profit Maximizers,then the Following Is Assured

question 74

Multiple Choice

If all firms are profit maximizers,then the following is assured:

• A)allocative efficiency.
• B)each firm is productively efficient.
• C)allocative and productive efficiency.
• D)that the economy is operating inside the production possibilities boundary.
• E)that firms attain the lowest possible average costs.

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