Business, 24.12.2019 23:31 jr8297811

Allocative efficiency means that

a. the marginal benefit of the product exceeds its marginal cost
b. the product is sold at a price equal to the average cost of producing it.
c. the product is produced at the lowest unit-cost possible
d. society’s scarce resources are used to produce products that align with consumer preferences

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Allocative efficiency means that

a. the marginal benefit of the product exceeds its mar...

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