Why welfare would be higher under perfect competition, Macroeconomics

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Why welfare would be higher under perfect competition

Problem

The American system's stress on work and consumerism camouflages its inefficiencies. Explain why welfare would be higher under perfect competition.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Why welfare would be higher under perfect competition

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Macroeconomics: Why welfare would be higher under perfect competition

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