Only One of the Following Statements Is Correct

question 153

Multiple Choice

Only one of the following statements is correct.The statements compare perfectly competitive (PC) markets and monopolistically competitive (MC) markets.Which statement is correct?

• A)Productive efficiency is achieved in both PC and MC markets. Allocative efficiency is achieved only in MC markets.
• B)Allocative efficiency is achieved in both PC and MC markets. Productive efficiency is achieved only in PC markets.
• C)Productive efficiency and allocative efficiency are both achieved in PC markets. Neither is achieved in MC markets.
• D)Allocative efficiency is achieved only in PC markets. Productive efficiency is achieved only in MC markets.

---

Definitions:

Baked Goods

Edible items that are typically prepared from a dough or batter and cooked by baking, such as bread, cookies, cakes, and pastries.

Reward Offer

A promise of compensation made to the public or specific individuals for performing a task or providing information.

Website Post

Content published on a website, typically in the form of articles, blogs, or announcements.

Apprehension Criminal

Likely means the arrest or capture of a person suspected of having committed a crime.