economist view a perfectly competitive market structure as the ideal structure for economic efficiency. One reason is perfectly competitive firms cannot maintain long run economic profits. Describe economic efficiency and discuss how the inability to maintain long run economic profits lead to economic efficiency. please read the question carefully before answering thanks

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Productive and Allocative Efficiency Analysis

Productive efficiency, also referred to as production efficiency is a term in economics describing the level at which a company is operating at its maximum capacity. Beyond this point, the entity will be unable to manufacture any additional goods without cutting down another product’s production level. This occurrence is an outcome of production happening alongside a Production Possibility Frontier (PPF).