{"id":390,"date":"2020-03-24T04:51:37","date_gmt":"2020-03-24T04:51:37","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/chapter\/learning-outcome-inefficiency-in-perfectly-competitive-markets-edit\/"},"modified":"2023-05-22T19:21:04","modified_gmt":"2023-05-22T19:21:04","slug":"learning-outcome-inefficiency-in-perfectly-competitive-markets-edit","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/chapter\/learning-outcome-inefficiency-in-perfectly-competitive-markets-edit\/","title":{"raw":"Outcome: Efficiency in Perfectly Competitive Markets","rendered":"Outcome: Efficiency in Perfectly Competitive Markets"},"content":{"raw":"<h2>What you'll learn to do: understand why perfectly competitive markets are efficient<\/h2>\nIn this outcome, you'll see how perfectly competitive firms can be both&nbsp;allocatively and productively efficient. This means these markets allocate resources without wasting and also provide the maximal amount of satisfaction for the society.\n<h3>LEARNING ACTIVITIES<\/h3>\nThe learning activities for this section include:\n<ul>\n\t<li>Reading: Efficiency in Perfectly Competitive Markets<\/li>\n\t<li>Self Check: Perfectly Competitive Markets and Efficiency<\/li>\n<\/ul>\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you&#8217;ll learn to do: understand why perfectly competitive markets are efficient<\/h2>\n<p>In this outcome, you&#8217;ll see how perfectly competitive firms can be both&nbsp;allocatively and productively efficient. This means these markets allocate resources without wasting and also provide the maximal amount of satisfaction for the society.<\/p>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Efficiency in Perfectly Competitive Markets<\/li>\n<li>Self Check: Perfectly Competitive Markets and Efficiency<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n","protected":false},"author":32,"menu_order":16,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-390","chapter","type-chapter","status-publish","hentry"],"part":359,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/390\/revisions"}],"predecessor-version":[{"id":391,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/390\/revisions\/391"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/parts\/359"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/390\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/media?parent=390"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapter-type?post=390"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/contributor?post=390"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/license?post=390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}