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Tidy Tidy
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9 years ago
For allocative efficiency to hold
A) price must equal marginal revenue of the last unit sold.
B) price must equal the marginal cost of the last unit produced.
C) average variable cost is minimized in production.
D) average total cost is minimized in production.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
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VincenzoDVincenzoD
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