Multiple Choice
Allocative efficiency occurs in markets when
A) marginal benefit and marginal cost for the last unit sold are equal
B) resources can be reallocated to increase the value of total output
C) goods are produced at the minimum of average total cost
D) goods are distributed evenly among consumers
E) government establishes price ceilings below the market price
Correct Answer:

Verified
Correct Answer:
Verified
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