menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 44
  4. Exam
    Exam 12: Perfect Competition and the Supply Curve
  5. Question
    Provided That There Are No External Benefits or Costs, Resources
Solved

Provided That There Are No External Benefits or Costs, Resources

Question 351

Question 351

Multiple Choice

Provided that there are no external benefits or costs, resources are efficiently allocated when:


A) P = MR.
B) P = AVC.
C) P = MC.
D) MC = AVC.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q74: Ashley,who makes knitted caps,determines that her marginal

Q120: If a perfectly competitive gardening shop sells

Q224: Lilly is the price-taking owner of an

Q333: A perfectly competitive firm will not produce

Q341: In perfectly competitive markets,if the price is

Q345: Use the following to answer questions: <img

Q346: Use the following to answer questions: <img

Q347: Use the following to answer questions:<br>Figure: The

Q353: Consider a perfectly competitive corn industry that

Q354: Use the following to answer questions: <img

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines