InThinking Subject Sites

Subscription websites for IB teachers & their classes

Find out more


Sitemap
Recommendations
Other subjects
Brochure

Disclaimer: InThinking subject sites are neither endorsed by nor connected with the International Baccalaureate Organisation.

Student access tools
 You need to log-in or subscribe in order to use Student access.

Efficiency in perfect competition (HL only)

This page focuses on the concepts of allocative efficiency and looks at why firms in perfect competition will be both productive and allocatively efficient in the long run. Productive efficiency is no longer part of the new syllabus but allocative efficiency remains.Why will firms in perfect competition achieve allocative efficiency in both the short run and the long run. Lesson time: 85 minutesLesson objectives:

To access the contents of this site, you must subscribe.