Under Pure Competition, in the Long Run

question 176

Multiple Choice

Under pure competition, in the long run

• A) neither allocative efficiency nor productive efficiency is achieved.
• B) both allocative efficiency and productive efficiency are achieved.
• C) productive efficiency is achieved, but allocative efficiency is not.
• D) allocative efficiency is achieved, but productive efficiency is not.

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Definitions:

pH Testing

The process of measuring the acidity or alkalinity level of a substance on a scale of 0 to 14, with 7 being neutral.

Intermittent Tube Feeding

A method of providing nutrition through a tube inserted in the nose, stomach, or intestine, given at specific times rather than continuously.

Safety Pin

A pin with a clasp designed to cover the pointed end, used to fasten pieces of fabric or clothing together securely.

Room Temperature

The temperature regarded as comfortable for humans, typically around 20°C (68°F) to 22°C (72°F).