What two conditions must hold for a competitive market to produce efficient outcomes?

Question

03-03-2017
Business

contestada

What two conditions must hold for a competitive market to produce efficient outcomes?

Respuesta :

Otras preguntas

3. It was only after the _______ _______ that people started gathering in larger groups and formed more complex institutions. Was it the: Industrial Revolution,

Material in the cell nucleus made up of DNA and various kinds of protein is called_______?

The Emergency Highway Energy Conservation Act was passed in 1974. Under this act, states would only get federal highway funding if they set a speed limit of 55

To pay for a sofa, Maddie made a payment of 64 dollars each month for one year. How much did the sofa cost ?

Please help me with this question (5y + 2)2 − 96 = 0

Valentine question: What happens to someone struck by Cupid's arrow?

What's the rationale for adopting the US dollar as "legal tender" in Argentina?

Solve for x logx+log(x-4)=2log5

which part of earths interior is inferred to have convection currents that causes tectonic plates to move

MasterKevin MasterKevin · Answer 1 · 2017-03-03T09:49:58+01:00

MasterKevin MasterKevin

03-03-2017

Those are supply curves and demand curves. Supply curves have to meet the production requirements, while demand curves have to meet the consumer's willingness to pay.

Answer Link