(True or False) Monopolists are neither productively efficient
nor allocative efficient, and perfect competition is both
productively...
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Economics
(True or False) Monopolists are neither productively efficientnor allocative efficient, and perfect competition is bothproductively efficient and allocatively efficient. However, Paretooptimal requires it is impossible to make one person better offwithout making at least one other worse off. And expalin 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 Hence monopolists are not
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