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Which of the following is required for an entire economy to be allocatively efficient?

mylesnagop

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Which of the following is required for an entire economy to be allocatively efficient?

Which of the following is required for an entire economy to be allocatively efficient?

▸ Price equals average cost for all goods.

▸ Goods are allocated equitably across markets.

▸ MRP is equated for all factors of production.

▸ Price is greater than marginal cost for all goods.

▸ Marginal cost equals price for all goods.

Textbook

Microeconomics

Microeconomics

Edition: 17^th

Author: Ragan

Read 37 times

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krafty

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