Emmaallardice1506 Emmaallardice1506
  • 17-05-2018
  • Social Studies
contestada

Which is best for the society monopoly or perfect competition?

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lynettehern02
lynettehern02 lynettehern02
  • 17-05-2018
Perfect competition is both allocatively efficient, because price equals marginal cost, and productive efficient, because firms produce at the lowest point on the average cost curve.
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