question archive If all firms are profit maximizers, then the following is assured: A allocative and productive efficiency
If all firms are profit maximizers, then the following is assured: A allocative and productive efficiency
Subject:EconomicsPrice: Bought3
If all firms are profit maximizers, then the following is assured:
A allocative and productive efficiency.
B allocative efficiency.
C that firms attain the lowest possible average costs.
D that the economy is operating inside the production possibilities boundary.each firm is productively efficient.
