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Khan Academy: Efficiency in Perfectly Competitive Markets

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Why are perfectly competitive markets efficient?

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productive efficiency, allocative efficiency, khan academy, khan academy: efficiency in perfectly competitive markets, long-run equilibrium, maximum satisfaction attainable by society, perfectly competitive markets, review questions and problems, efficiency
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Classroom Considerations
  • Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)