Discuss the benefits of the perfectly competitive market

Reference no: EM132200243

Question: Your professor discussed the benefits of the perfectly competitive market. Among these was profit maximization, productive and consumptive efficiency. Still more benefits of the PC model pertain to individual choice and liberty. What historical paradox of social structure does the perfectly competitive equilibrium resolve? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132200243

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