Static Efficiency

… a core term used in Economic Analysis and Atlas102

Definition

Wikipedia defines static efficiency as a situation in which economic efficiency exists at a particular point in time. It is reached when consumers and producers make their decisions where the total net benefits from the use of a resource are maximised.

Atlas topic, subject, and course

Monopoly and Price Discrimination (core topic) in Economic Analysis and Atlas102 Economic Analysis.

Source

Wikipedia, Static efficiency, at https://en.wikipedia.org/wiki/Static_efficiency, accessed 8 May 2016.

Page created by: Ian Clark, last modified 8 May 2016.