Explain why resources are allocated efficiently among firms and why output is distributed efficiently among households in
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Explain why resources are allocated efficiently among firms and why output is distributed efficiently among households in perfectly competitive markets.
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In perfectly competitive markets resources are allocated efficiently among firms and output is distributed efficiently among households due to several ...View the full answer
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Related Book For 
Mylab Economics With Pearson Access Code For Principles Of Microeconomics
ISBN: 9780135197141,9780135197103
13th Edition
Authors: Karl E. Case; Ray C. Fair; Sharon E. Oster
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