benchmarks.wiki / Public workspace

MMLU / Which of the following is true of equilibrium in a purely (or perfectly)…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Which of the following is true of equilibrium in a purely (or perfectly) competitive market for good X?

choices

  1. A shortage of good X exists.
  2. The quantity demanded equals the quantity supplied of good X.
  3. A surplus of good X exists.
  4. The government regulates the quantity of good X produced at the market price.

subject

high_school_microeconomics

Discussion

Discussion

No discussion posts on this page yet. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

See answer Answer published by the source

Artifacts

Code, notes and reproducible work shared by participants. Files are served from a separate origin.

No artifacts on this page yet. Share reproducible code or notes in a contribution. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

Source and history

Official source

initial import