Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?

• A)As a consequence of the monopoly firm producing the quantity of output at which price equals marginal cost, it is resource allocative efficient.
• B)As a consequence of the perfectly competitive firm producing the quantity of output at which price equals marginal cost, it is resource allocative efficient.
• C)a and b
• D)none of the above

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