The price signal the consumer gets in a competitive market
A) In no way reflects opportunity cost.
B) Is an accurate reflection of opportunity cost.
C) Is not reliable for making choices about the allocation of resources.
D) Is the result of the selfishness of individuals.
Correct Answer:
Verified
Q61: Which of the following is a consequence
Q62: Q63: Q64: Which characteristic of competitive markets permits society Q65: Economic losses are a signal to producers Q67: Marginal cost pricing results in the most Q68: Q69: Technological improvements cause Q70: Technological improvements cause Q71: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)That
A)New firms to enter but
A)ATC to shift down.
B)The supply
