The constantly increasing cost and prices of cservices are mainly due to a rapid increase in demand of the service in excess of the supply. It is common economic knowledge that purely competitive markets are able to attain production and allocation efficiency. On the other hand, imperfect competition markets are faced with a wide range factors that limit them in achieving utmost market efficiency. The demand curv
The constantly increasing cost and prices of cservices are mainly due to a rapid increase in demand of the service in excess of the supply. It is common economic knowledge that purely competitive markets are able to attain production and allocation efficiency. On the other hand, imperfect competition markets are faced with a wide range … Read more