How the profit-maximizing rule leads a competitive market, Microeconomics

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How the profit-maximizing rule leads a competitive market

Problem

Explain how the profit-maximizing rule of setting P = MC leads a perfectly competitive market to be allocatively efficient.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How the profit-maximizing rule leads a competitive market

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Microeconomics: How the profit-maximizing rule leads a competitive market

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