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    Principles of Microeconomics Study Set 4
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    Exam 9: Competitive Markets for Goods and Services
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    Provided That There Are No External Benefits or Costs, in the Long
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Provided That There Are No External Benefits or Costs, in the Long

Question 236

Question 236

True/False

Provided that there are no external benefits or costs, in the long run, perfect competition will result in an efficient allocation of resources because P = MC.

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