Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
lythong266 lythong266
wrote...
Go to Answer
Posts: 159
Rep: 0 0
A year ago
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.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 33 times
1 Reply
Replies
Answer verified by a subject expert
rainbow12rainbow12
wrote...
#1
Posts: 134
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

lythong266 Author
wrote...

A year ago
Thank you, thank you, thank you!
Natalie Price
wrote...

Yesterday
Good timing, thanks!
Jodias
wrote...

2 hours ago
Helped a lot
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  929 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 307
  
 276
  
 396
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 380
Previous poll results: Which is the best fuel for late night cramming?