Perfectly competitive factor and output markets are similar, Ask an Expert

Economics

Perfectly competitive factor and output markets are similar in that when both are present both generate:

A) an underproduction of output.

B) an efficient allocation of resources.

C) market prices that are greater than opportunity costs.

D) market prices that are less than opportunity costs.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91406970

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