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Title: Consider theefficiencyof various market structures. In the absence of other market failures, ... Post by: lythong266 on Oct 9, 2022 Consider the efficiency of various market structures. In the absence of other market failures, allocative efficiency is achieved only under perfect competition because only this market structure results in
▸ P = MC. ▸ zero long-run profits. ▸ complete freedom of entry and exit. ▸ productive efficiency. ▸ maximization of profits through competition. Title: Consider theefficiencyof various market structures. In the absence of other market failures, ... Post by: rainbow12 on Oct 9, 2022 Content hidden
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