Outcome: Efficiency in Perfectly Competitive Markets

What you’ll learn to do: understand why perfectly competitive markets are efficient

In this outcome, you’ll see how perfectly competitive firms can be both¬†allocatively and productively efficient. This means these markets allocate resources without wasting and also provide the maximal amount of satisfaction for the society.


The learning activities for this section include:

  • Reading: Efficiency in Perfectly Competitive Markets
  • Self Check: Perfectly Competitive Markets and Efficiency

Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.