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  3. Study Set
    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 120

Question 120

Multiple Choice

Resources are allocated efficiently when


A) everyone can afford what they want.
B) production occurs at least cost.
C) output is fairly distributed.
D) profits are maximized.

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