An Allocation of Goods and Inputs in an Economy Is

Multiple Choice

An allocation of goods and inputs in an economy is economically efficient if:

A) that allocation minimizes costs.
B) that allocation maximizes profits.
C) there exists an alternative, feasible allocation of goods and inputs that would make all consumers better off as compared with the initial allocation.
D) there does not exist an alternative, feasible allocation of goods and inputs that would make all consumers better off as compared with the initial allocation.