Updated: Sep 30, 2020
The Gunners were beaten 3-1 by Jurgen Klopp's Reds on Monday night.
Arteta was pleased with how competitive his side was in the match against Liverpool at Anfield but insists they have a lot to improve on.
Mikel Arteta says Arsenal have a lot to work on following their recent defeat to Premier League champions Liverpool on Monday night.
The Gunners manager rued the missed chances his side had in the game at Anfield, saying 'you have to put them in the net when you have chances against them'.
Alexander Lacazette's opening goal in the 25th minute was immediately cancelled out by forward Sadio Mane before goals from left back Andrew Robertson and substitute Diogo Jota wrapped up the victory for the Merseyside club as Arsenal's 100% start to the season came to an end.
All in all, Arteta admitted that Liverpool 'are superior to us in many aspects' noting that Arsenal 'are on a different journey' which started under his reign in December.
Speaking to BBC Sport, Arteta said: "We were in the game for a big part of the game. The reality is they are superior to us in many aspects. You could see that is some phases.
"I'm really happy in the way the team competed and kept believing. This is the standard we have to reach. We are on a different journey. They've been together five years, we've had a few months.
"They scored too early [after Arsenal's goal], big mistake from us. I had a feeling we were going to have chances in the second half.
"We had probably the best chance of the game. You have to put them in the net when you have chances against them.
"We have a long way to go in many things."
Arsenal defender Hector Bellerin told Sky Sports: "I think with the chances we were creating I felt we had chances of drawing or winning the game.
"When you come to Liverpool away you have to score your chances and not commit the mistakes we made.
"The difference is very fine margins. We made mistakes in the goals and our chances didn't go in.
"We were way more effective in other games we played against them. We gave them a good fight but we're frustrated. We're getting better every day."