Perfect Competition ________ an Efficient Outcome Because ________

question 67

Multiple Choice

Perfect competition ________ an efficient outcome because ________.

• A) achieves; total surplus is maximized
• B) achieves; marginal benefit equals marginal cost
• C) does not achieve; firms do not get to choose their price
• D) does not achieve; firms produce goods with perfect substitutes
• E) Both A and B are correct.

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