Discuss perfect competition and long-run equilibrium., Ask an Expert

Economics

Discuss perfect competition and long-run equilibrium. Provide detailed descriptions, definitions and concrete examples of your findings. Additionally, how does the proliferation of global trade and competition contribute to markets moving more away from market-possessing power to more perfect competition? Lastly, when does marginal social benefit equal marginal social cost and why?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9690762

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