what are the inefficiencies of an imperfect competition ? what are the benefits of having a increasing competition accross varies sectors?

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter24: Perfect Competition
Section: Chapter Questions
Problem 15E
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what are the inefficiencies of an imperfect competition ? what are the benefits of having a increasing competition accross varies sectors?

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