market structure comparison - 1. MONOPOLOISTIC COMPETITION-...

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Unformatted text preview: 1. MONOPOLOISTIC COMPETITION- Productive efficiency : They are more productively efficient that the Oilopogy and monopoly because firms tend to produce at closer low point of ATC, but they are still not perfectly meet minimum point of ATC.- Allocation efficiency: Firms highly focus on product development and advertisement because thay always want to supply the best and most suitable products to consumers. The result is that that are have more social efficiency than Oilopogy and monopoly- Social efficiency: Firms highly focus on product development and advertisement because thay always want to supply the best and most suitable products to consumers. The reasult is that that are have more social efficiency than Oilopogy and monopoly. 2. OILOPOGY- Productive efficiency : Firms produce where P > minimum ATC, that means don't produce in the least costly way. Consequently, they have less productive efficiency....
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market structure comparison - 1. MONOPOLOISTIC COMPETITION-...

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