Question: Competition results in the efficient product mix because A . producers are setting MRT equal to minus the price ratio while consumers are setting MRS
Competition results in the efficient product mix because
A producers are setting MRT equal to minus the price ratio while consumers are setting MRS equal to minus the price ratio ensuring that MRT will equal MRS
B the distribution of the final output is Pareto efficient.
C consumers are on the contract curve.
D the slope of the production possibility frontier will equal the slope of the contract curve
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