Daisysolis136
Daisysolis136
03.12.2021 • 
Business

Perfectly competitive markets are allocatively efficient when all of the following are true EXCEPT: a. People are given equal amounts of goods b. When consumers are price takers and have perfect information c. When firms are price takers and have no barriers to entry or exit and produce a homogenous good. d. When input and output prices reflect their true social value (social cost)

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