Perfect competition is the one industry structure that, Business Economics

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Perfect competition is the one industry structure that

Perfect Competition is the one industry structure that achieves all of the following

- productive efficiency

- allocative efficiency

- maximizes social welfare

Select one of the achievements of Perfect Competition listed above. Describe what it means in your own words, and state why you believe it to be the most important standard.

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Business Economics: Perfect competition is the one industry structure that

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Business Economics: Perfect competition is the one industry structure that

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