True/False
In perfect competition, the long-run outcome is always maximum efficiency.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q160: In 2010 , the pizza market in
Q161: In the Theory of Price, George Stigler
Q162: In which industry(ies) are firms price takers?<br>A)
Q163: If there is an economic profit in
Q164: In perfect competition, innovation is a means
Q166: Suppose potatoes were produced in Canada by
Q167: In the short-run, profits will only exist
Q168: Without product differentiation, it would be very
Q169: Suppose Mara and David compete, selling fried
Q170: The primary difference between monopolistic competition and