Multiple Choice
Which of the following expression gives an estimate of allocative inefficiency in an industry consisting of T Cournot competitors as a percentage of allocative inefficiency under monopoly?
A) 4(T + 1) /T
B) 4/(T + 1)
C) T/4(T + 1) 2
D) 4T/(T + 1)
E) 4/(T + 1) 2
Correct Answer:
Verified
Correct Answer:
Verified
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