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    Would somebody tell me when the different types of an effiency are achieved by monopolistic firms and perfectly competitive firms? Thanks
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    (Original post by Gjskyd)
    Would somebody tell me when the different types of an effiency are achieved by monopolistic firms and perfectly competitive firms? Thanks
    Monopolistic firms are all efficient (allocative,productive) but less more efficient than perfectly competitive markets.

    Monopolistic firms can be dynamically efficient, to overcome the difficulties in attaining long run abnormal profits.
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    Thank you
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    They aernt allocative or productively efficient in the short run however (monopolistic)


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