Marginal cost pricing in competitive markets results in which one of the following? A. The last unit produced in each market costs society exactly what the last customer to purchase the good values the good at. B. Invisible hand wides the free market to produce what is best for SOciety. C. Free markets produce an efficient mix of goods and services. D*. All of the above

Marginal cost pricing in competitive markets results in which one of the following? A. The last unit produced in each market costs society exactly what the last customer to purchase the good values the good at. B. Invisible hand wides the free market to produce what is best for SOciety. C. Free markets produce an efficient mix of goods and services. D*. All of the above

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter3: The Fundamental Economic Problem: Scarcity And Choice

Section: Chapter Questions

Problem 4TY

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