History, 12.04.2021 01:00 naruto63

The condition for allocative efficiency is violated when firms are price makers( price searchers)
B
short-run profits exist in a competitive industry
price equals average total cost
D
the market demand curve is inelastic in a competitive industry
E
the market demand curve is elastic in a competitive industry

The condition for allocative efficiency is violated when

firms are price makers( price searchers)

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The condition for allocative efficiency is violated when firms are price makers( price searchers)