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4 April, 19:04

In 3 or 4 sentances, explain the relationship between the equilibrium price and efficiency

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  1. 4 April, 21:45
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    see explination

    Explanation:

    price is the cost of a product wether its the cost of producing or what you choose to sell it for.

    effeciency is the ability to avoid waisting money, time, energy and product while also maintaining a good quality

    equilibrium is when these two things meet in the middle giving the best result in effeciency and price!
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