Ask Question
HistoryHistory
7 May, 04:40

Why are suppliers in purely competitive market efficient? What is the result of that efficiency

+4
Answers (1)
  1. 7 May, 04:59
    0
    Answer; )

    Purely competitive markets are good for society because it forces firms to achieve maximum efficiency (productive and allocative efficiency). Requires that goods be produced in the least costly way. Firms are forced to produce at the minimum average total cost in the long run.

    Explanation:

    Brainliest if you will and when you can.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why are suppliers in purely competitive market efficient? What is the result of that efficiency ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
If 75% of India's rural population lives in poverty, it most likely means that they suffered from political instability. they have housing but not enough food. they live on about $32 a day according to the UN.
Answers (1)
Which of these industries made America's first millionaire. a. The steel industry b. The banking industry c. The railroad industry
Answers (1)
What common method was used by Paleo-Indians to hunt large mammals? A. They would surround an animal and drive it off a cliff. B. Groups would hide in trees and shoot arrows when an animal was near. C.
Answers (1)
What life would be Without freedom of speech, religion, press, assembly and petition?
Answers (2)
9. What do most medical experts believe to be the cause of autism?
Answers (1)
New Questions in History
Why was is necessary in 1868 to apply the federal bill of rights to the states with the 14th amendment?
Answers (1)
Who studied anatomy to improve his paintings? A. Leonardo da Vinci B. Michaelangelo C. Baldassare Castiglione D. Isabella d'Este E. Medici G. Titian
Answers (1)
Who coined the term "Jazz Age"? Ernest Hemingway F. Scott Fitzgerald Sinclair Lewis Langston Hughes Duke Ellington
Answers (2)
Trace historic reasons for the increase in global populations by selecting all correct answers. a. Around 8,000 BC people learned to farm and raise animals. b. In the 15th century, plants from the Americas were taken to Europe to provide new foods.
Answers (1)
The actions of presidents through the years have made the president's role in government much blank than originally set out by the founders
Answers (1)
Home » History » Why are suppliers in purely competitive market efficient? What is the result of that efficiency
Sign Up Forgot Password?