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AP Microeconomics - Unit7: Micro-Imperfect Competition Please help answer the below questions. How are these graphs inefficient? Compare to perfectly competitive price and output Allocative

AP Microeconomics - Unit7: Micro-Imperfect Competition

Please help answer the below questions.

  • How are these graphs inefficient?
    • Compare to perfectly competitive price and output
    • Allocative efficiency
    • Productive efficiency

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