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Tidy Tidy
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8 years ago
Both the perfectly competitive firm and the monopolistically competitive firm produce at the output where marginal revenue equals marginal cost (MR = MC) but only the perfectly competitive firm achieves allocative efficiency. Explain why this is the case.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
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Chimelo46Chimelo46
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8 years ago
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