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Archy [21]
3 years ago
10

Why must firms use land, labor, and

History
1 answer:
grigory [225]3 years ago
3 0

Answer: Why must firms use land, labor, and other resources efficiently in perfectly competitive markets? Producers cannot control price, so they must use resources as efficiently as possible in order to manage costs to make a "accounting" profit. ... If it's not unique, customers will buy alternative products at lower prices.

Explanation:

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