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The theory of the second best suggests that in the absence of perfect competition a privatized industry should charge a price of ?
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The theory of the second best suggests that in the absence of perfect competition a privatized industry should charge a price of ?
A. p = Z
B. P = MC + Z
C. p = MC
D. P = MC – Z
Correct Answer:
P = MC + Z
✔
Last Updated:
June 11, 2019