tonmdadniwhytella tonmdadniwhytella

31-01-2017
Business

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When a competitive market achieves allocative efficiency, it implies that:

The quantity demanded is lower than the quantity supplied

The buyers are getting the maximum consumer surplus from the product

The marginal benefit of having the product is greater than the marginal cost

The combined consumer and producer surplus is maximized

Respuesta :

sarcasmislife sarcasmislife

08-02-2017

Well allocative efficiency is: optimal levels of all goods are produced and sold to consumers who value them most

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