Multiple Choice
What rule must be followed to obtain an efficient allocation of resources?
A) P = AC.
B) P = MC.
C) P = AR.
D) MR = AC.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q21: Asymmetric information generally leads to efficient resource
Q22: Low interest rates will persuade corporations to
Q23: A competitive market may misallocate resources over
Q24: Education is subsidized because it generates beneficial
Q25: All externalities are detrimental.
Q27: Externalities are failures of<br>A)the market to correctly
Q28: How does imperfect information affect market decisions?<br>A)It
Q29: A car sells at different prices at
Q30: The prices of most services have risen
Q31: An unregulated market economy provides material wealth