34753647
Description
Flashcards by Ryan Finch, updated more than 1 year ago
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Created by Ryan Finch
almost 4 years ago
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| Question | Answer |
| Examples of Markets that are closest to Perfect Competition? | Share and Currency Trading |
| Perfect Competition in the Long-Run Diagram | |
| Perfect Competition in the Short-Run Diagram | |
| Efficiencies in Long-Run Perfect Competition | Productive Yes Allocative Yes X Yes Dynamic No |
| Efficiencies in Short-Run Perfect Competition | Productive No Allocative Yes X Yes Dynamic No |
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