2. Monopolists are neither productively efficient nor allocative
efficient, and perfect competition is both productively efficient
and...
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Economics
2. Monopolists are neither productively efficient nor allocativeefficient, and perfect competition is both productively efficientand allocatively efficient. However, Pareto optimal requires it isimpossible to make one person better off without making at leastone other worse off.
Ture or false. And why.
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Answer 2 The answer is True The productive efficiency occur at that output level where MC Marginal Cost Minimum ATC Average Total Cost occur The monopolist always produce that output level where ATC is not minimum So the monopolist is
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