In 3 or 4 sentances, explain the relationship between the equilibrium price and efficiency

see explination

Explanation:

price is the cost of a product wether its the cost of producing or what you choose to sell it for.

effeciency is the ability to avoid waisting money, time, energy and product while also maintaining a good quality

equilibrium is when these two things meet in the middle giving the best result in effeciency and price!