Do firms in a perfectly competitive market exhibit productive efficiency? Why or why not?

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:42 AM

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Do firms in a perfectly competitive market exhibit productive efficiency? Why or why not?

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Yes but this is only guaranteed in longrun equilibrium It is ...View the full answer

Economics

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