3 years ago

Why are suppliers in purely competitive market efficient? What is the result of that efficiency

1 answer:

tatiyna3 years ago

5 0

Answer;)

Purely competitive markets are good for society because it forces firms to achieve maximum efficiency (productive and allocative efficiency). Requires that goods be produced in the least costly way. Firms are forced to produce at the minimum average total cost in the long run.

Explanation:

Brainliest if you will and when you can.

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