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The Economics Classroom

Determining the Efficiency of Firms in Different Market Structures

by Jason Welker

This lesson will define productive and allocative efficiency and determine whether firms in three different market structures will achieve efficiency in the long-run.

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Categories 1.5.2 Perfect Competition, 1.5.3 Monopoly, 1.5.4 Monopolistic Competition and Oligopoly
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Evaluating the Effectiveness of Monetary Policy During Recessions
Protectionist Tariffs

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