68 329
Assignments Done
98,8%
Successfully Done
In November 2018

Answer to Question #77172 in Microeconomics for syed

Question #77172
Illustrate and explain using diagrams how a single seller within the market can maintain an inefficient allocation of resources
Expert's answer
A single seller within the market can maintain an inefficient allocation of resources, because he produces lower output at MR = MC at higher price from the demand curve at this level of output, while efficient price and output are at MC = D.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions