In well-functioning perfectly competitive markets, _______________ efficiency is achieved in both the short run and long run because ____________ (total, average, marginal) cost is ___________ (maximized, minimized).

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The Answer of In well-functioning perfectly competitive markets, _______________ efficiency is achieved in both the short run and long run because ____________ (total, average, marginal) cost is ___________ (maximized, minimized).

In Well-Functioning Perfectly Competitive Markets, _______________ Efficiency Is Achieved in Both