ENVIRONMENTAL ECONOMICS OR MICROECONOMICS Describe why alternative efficient all

ENVIRONMENTAL ECONOMICS OR MICROECONOMICS
Describe why alternative efficient allocations may have different total levels and different distributions of wealth.
Explain how the three assumptions of perfect competition when satisfied ensure that all market participants face identical prices.
ENVIRONMENTAL ECONOMICS OR MICROECONOMICS
Describe why alternative efficient allocations may have different total levels and different distributions of wealth.
Explain how the three assumptions of perfect competition when satisfied ensure that all market participants face identical prices. Do these assumptions hold in the real world?
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