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Other Fields Homework Help Economics Topic started by: oijlhou on Dec 2, 2016



Title: Allocative efficiency in a competitive market is achieved when
Post by: oijlhou on Dec 2, 2016
Allocative efficiency in a competitive market is achieved when


   A.   

the marginal benefit equals the marginal cost from the last unit sold.


   B.   

producer surplus equals the total amount firms receive from consumers minus the cost of production.


   C.   

consumers and producers are satisfied.


   D.   

economic surplus is equal to consumer surplus.


Title: Re: Allocative efficiency in a competitive market is achieved when
Post by: bio_man on May 25, 2017
This