A perfectly competitive market helps ensure that the products produced are the goods that consumers want. this demonstrates the

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Serhud [2]

3 years ago

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A perfectly competitive market helps ensure that the products produced are the goods that consumers want. this demonstrates the

concept of:

Business

1 answer:

frozen [14] · Answer 1 · 2022-06-26T16:58:49+03:00

A perfectly competitive market helps ensure that the products produced are the goods that consumers want demonstrates the concept of allocative efficiency.
<span>Allocative efficiency defines a state of the economy in which production represents consumer preferences and it is a characteristic of an efficient market.
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