Question: Question 19 Which market structure uses resources most efficiently (productive efficiency) O Oligopoly. Monopoly. Monopolistic competition. Pure competition. Question 20 Assume in the perfectly competitive

Question 19 Which market structure uses resources most efficiently (productive efficiency) O Oligopoly. Monopoly. Monopolistic competition. Pure competition. Question 20 Assume in the perfectly competitive dairy industry, economic profits are greater than zero. What happens next? New firms enter the industry and shift the supply curve rightward. Existing firms exit the industry and shift the supply curve leftward. Existing firms increase production. Existing firms decrease production

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