If All Firms Are Profit Maximizers, Then the Following Is

question 53

Multiple Choice

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

• A) allocative efficiency.
• B) that firms attain the lowest possible average costs.
• C) productive efficiency.
• D) that the economy reaches the production possibilities boundary.
• E) allocative and productive efficiency.

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an attitude of doubt or a disposition to incredulity either in general or toward a particular object.

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The act of creating, founding, and running a new business, often starting with a new idea, product, or service.

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