ME, Managerial Economics

Assignment Help:
Is a “perfectly competitive market” an efficient mechanism for the allocation
of scarce resources? When it is, explain why. When it is not, document reasons
for either inefficient or undesirable outcomes.
(B) Describe a real-world situation (either in the private sector or public sector)
in which your answer to (A) could have been used to achieve either a more
efficient or more desirable outcome for the relevant stakeholders.

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