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    Principles of Microeconomics
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    Exam 12: General Equilibrium and the Efficiency of Perfect Competition
  5. Question
    It Is Essential to Establish Specific Criteria to Judge the Performance
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It Is Essential to Establish Specific Criteria to Judge the Performance

Question 26

Question 26

Multiple Choice

It is essential to establish specific criteria to judge the performance of any economic system. One such criterion is


A) efficiency.
B) profit opportunity.
C) technological progress.
D) achieving general equilibrium.

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