Which of the following statements are true in the long-run equilibrium of a perfectly competitive market economy? (Choose “True” or “False”) (a) By re-allocating the inputs, the economy can produce a larger quantity of every consumption good.

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Which of the following statements are true in the long-run equilibrium
of a perfectly competitive market economy? (Choose “True” or
“False”) (a) By re-allocating the inputs, the economy can produce
a larger quantity of every consumption good.

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