Which is best for the society monopoly or perfect competition?

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asked Aug 11, 2019 31.4k views

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BrechtDeMan · Answer 1 · 2019-08-18T09:57:09+0000

Perfect competition is both allocatively efficient, because price equals marginal cost, and productive efficient, because firms produce at the lowest point on the average cost curve.

Which is best for the society monopoly or perfect competition?

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