ake a Test mary coope-Micosolt Edge 2 mathod.com/StudentPlayer Test.asputestid-

Question

ake a Test mary coope-Micosolt Edge 2 mathod.com/StudentPlayer Test.asputestid- 1290188078centerin-ye Econ 2200W(Micro) Fail 2017 Submt Test Test: Chapter 12-B This Question: 1 pt 4-301 7 (2 complete) This Test: 7 pts possible ency? Does the market system re-i, proactive In the long run, perfect compesition O A. resuts in producthve efliciency because every good or service is froduced up to tha point where the last urit provides a marginal benet to consumers equal to the marginal cost of producing h O B. doss not result in greductive efficiency because bartiers to entay resslt in Sms making a prolt O C resuts in productive eficlency because trms erter and exit uni they break even whoro price oquals minineum average cost OD. does not resut in productive efficiency because pice taking Srmm produce where price equals marginal cost O E. results in productive efficiency tecate production represen, cansunw prefrences Cick to seect your arswer Type here to search DELL

Explanation / Answer

Ans:

Option C

Results in productive efficiency because firms enter and exist until they break even where price equals minimum average cost.

Productive efficiency means production of goods and services at the lowest possible cost. In perfect competition in long run firms enter and exist the market until they can break even resulting in productive efficiency.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.