Multiple Choice
For an entire economy,allocative efficiency requires that
A) goods are allocated equitably across markets.
B) marginal cost equals price for all goods.
C) MRP is equated for all factors of production.
D) price equals average cost for all goods.
E) price is greater than marginal cost for all goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q71: The diagram below shows the market demand
Q72: The diagram below shows the market demand
Q73: The diagram below shows cost and revenue
Q74: If all firms are profit maximizers,then the
Q75: If the total output of some industry
Q77: An economy will be allocatively efficient if<br>A)least-cost
Q78: The diagram below shows the demand and
Q79: According to economist George Stigler,the process of
Q80: Prior to the 1986 amendments to the
Q81: The diagram below shows the demand and