Which is best for the society monopoly or perfect competition?

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17-05-2018
Social Studies

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Which is best for the society monopoly or perfect competition?

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lynettehern02 lynettehern02 · Answer 1 · 2018-05-17T16:42:26+02:00

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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