In the long-run competitive equilibrium model, capital is allocated in the most efficient manner.

Name: In the long-run competitive equilibrium model, capital is allocated in the most efficient manner.
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In the long-run competitive equilibrium model, resources including capital are allocated in the most efficient manner as firms strive to minimize their costs and maximize their profits. This leads to an optimal allocation of resources and efficient production in the long run.

In the Long-Run Competitive Equilibrium Model, Capital Is Allocated in the Most