2010
Economics
67e856d33cf20db308447ec1
Allocative efficiency occurs only at that output where:
A.
marginal benefit exceeds marginal cost the by greatest
B.
consumer surplus exceeds producer surplus by the greatest amount
C.
the areas of consumer and producer surplus are equal
D.
the combined amounts of consumer surplus and producer surplus are maximizes.
Correct Answer: the combined amounts of consumer surplus and producer surplus are maximizes.
Explanation
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