Question

The market equilibrium price for milk is £1.80 per litter. Assuming that the milk

market is perfectly competitive, an economist would conclude that

(A) this price is efficient.

(B) this price is fair (equitable).

(C) this price is efficient and fair (equitable).

(D) this price is neither efficient nor fair (equitable)​

Answer 1

Answer:

=A

Explanation:

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