True or false  b. Charging a price greater than marginal cost leads to maximum efficiency  c. In reality, few markets are perfectly competitive, and some loss of economic efficiency occurs in most markets d. Most markets are perfectly competitive and economists have found that there is no loss of economic efficiency in the U.S. economy.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter8: Perfect Competition
Section: Chapter Questions
Problem 1SCQ: Firms ill a perfectly competitive market are said to be price takers that is, once the market...
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True or false 

b. Charging a price greater than marginal cost leads to maximum efficiency 

c. In reality, few markets are perfectly competitive, and some loss of economic efficiency occurs in most markets

d. Most markets are perfectly competitive and economists have found that there is no loss of economic efficiency in the U.S. economy. 

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