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  3. Study Set
    Principles of Microconomics
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    Exam 12: General Equilibrium and the Efficiency of Perfect Competition
  5. Question
    Use the Three Basic Questions to Describe Why Perfect Competition
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Use the Three Basic Questions to Describe Why Perfect Competition

Question 22

Question 22

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Use the three basic questions to describe why perfect competition is efficient.

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In perfect competition, price is equal t...

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