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Different market structures are at different levels of competition and create different levels of allocative and...

Different market structures are at different levels of competition and create different levels of allocative and productive efficiency. Describe the relationship between the level of competition and the level of efficiency.

It’s a direct relationship.

It’s an indirect relationship.

There’s no relationship; each case is different It’s direct when comparing perfect competition and oligopoly, but indirect when comparing perfect competition and monopoly.

None of the above.

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