Elucidate and explain why perfect competition results
why perfect competition results in both allocative and technological (or production) efficiency.
Elucidate and explain why perfect competition results in both allocative and technological, or production efficiency.
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The following data has been taken from the perpetual inventory system of Select Mfg. Co. for the month ended August 31;
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Glanville Distribution markets CDs of the performing artist Harrilyn Clooney. At the starting of March, Glanville had in starting inventory 1,510 Clooney CDs with a unit cost of $7.
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