A perfectly competitive market allocates resources efficiently when all social costs and benefits are internalized by those engaged in the market in the form of marginal private benefit and marginal private cost.
A) True
B) False

Question

25-06-2024
Business

Answered

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A perfectly competitive market allocates resources efficiently when all social costs and benefits are internalized by those engaged in the market in the form of marginal private benefit and marginal private cost.
A) True
B) False

Sagot :

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A perfectly competitive market allocates resources efficiently when all social costs and benefits are internalized by those engaged in the market in the form of marginal private benefit and marginal private cost. A) True B) False

Sagot :

Other Questions

A perfectly competitive market allocates resources efficiently when all social costs and benefits are internalized by those engaged in the market in the form of marginal private benefit and marginal private cost.
A) True
B) False