Answer to Question #225415 in Microeconomics for dfghj

Question #225415

Which of the following statements are true in the long-run equilibrium of a perfectly competitive market economy? (Choose “True” or “False”) (a) By re-allocating the inputs, the economy can produce a larger quantity of every consumption good.


1
Expert's answer
2021-08-12T05:35:17-0400

Option a is true


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