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gisellerol gisellerol
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A year ago
We can say an economy is allocatively efficient when

▸ the sum of consumer and producer surplus is maximized.

▸ deadweight loss is achieved.

▸ the economy achieves the frontier of the production possibilities boundary.

▸ consumer surplus is maximized.

▸ producer surplus is maximized.
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Microeconomics

Microeconomics


Edition: 17th
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davisdiamonddavisdiamond
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A year ago
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gisellerol Author
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A year ago
Good timing, thanks!
zbmallo3
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Yesterday
Thanks for your help!!
macbookpro1
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This site is awesome
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