For an Entire Economy,allocative Efficiency Requires That

question 76

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.

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