English, asked by cekwanasithembiso, 1 month ago

negative impact of imperfect competition​

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Answered by mohansingh1234
0

Answer:

When markets are imperfectly competitive, the results are that (1) too little is produced; (2) too high of a price is charged for what is produced; and (3) there is a resulting dead-weight loss to the economy. In short, imperfect competition costs the economy in terms of a misallocation of resources.

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