In a Perfectly Competitive Market,a(n)________ Occurs Because ________

question 200

Multiple Choice

In a perfectly competitive market,a(n) ________ occurs because ________.

• A) efficient outcome; total surplus is maximized
• B) deadweight loss; firms minimize average minimum cost
• C) efficient outcome; the fair rules condition is met
• D) deadweight loss; firms must be price takers
• E) deadweight loss; total surplus is minimized

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