Twitist Forums / General Social Media & Marketing Forums / Social Marketing v / Why is social welfare maximized in a competitive market?



This Forum has been archived there is no more new posts or threads ... use this link to report any abusive content
==> Report abusive content in this page <==
Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Why is social welfare maximized in a competitive market?
10-14-2012, 05:07 PM
Post: #1
Nick Offline

Posts: -1
Joined: May 2012
Reputation: 0
Why is social welfare maximized in a competitive market?
A.) profits are zero
B.) price equals marginal cost of the last unit produced
C.) Price equals average cost of the last unit produced
D.) there is free entry and exit

=)
Ads
Find all posts by this user
Quote this message in a reply
10-14-2012, 05:15 PM
Post: #2
Bored Goblin Offline
Newbie
*
 		Posts: 0
Joined: May 2012
Reputation: 0
 
B.) price equals marginal cost of the last unit produced
Ads
Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)

Contact Us | Twitist Forums | Return to Top | Return to Content | Lite (Archive) Mode | RSS Syndication