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19-12-2022
Business

Answered

Which of the following is likely to result in allocative inefficiency?
a) An oligopoly market structure
b) A firm producing at the level of output where price is equal to marginal cost
c) A perfectly competitive market in long-run equilibrium with no externalities
d) A perfectly price-discriminating monopoly
e) A monopsonist that faces a minimum wage where marginal revenue product equals the supply of labor

Answer :

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