Determining the Efficiency of Firms in Different Market Structures

This lesson will define productive and allocative efficiency and determine whether firms in three different market structures will achieve efficiency in the long-run. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870