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    Principles of Microeconomics
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    Exam 12: General Equilibrium and the Efficiency of Perfect Competition
  5. Question
    Resources Are Allocated Efficiently When
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Resources Are Allocated Efficiently When

Question 144

Question 144

Multiple Choice

Resources are allocated efficiently when


A) the market produces what people want.
B) economic profits are zero.
C) output is distributed in an equitable fashion.
D) output is produced in a sustainable fashion.

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