In the long run competitive markets achieve:A)allocative efficiency because P =

In the long run competitive markets achieve:A)allocative efficiency because P = min ATC but not productiveefficiency because P > min AVCB)allocative efficiency because P = MC and productive efficiencybecause P = min ATCC)productive efficiency because P = min ATC but not allocativeefficiency because P > MRD)neither productive nor allocative efficiency