What Is Implied If an Economy Achieves Allocative Efficiency

question 92

Multiple Choice

What is implied if an economy achieves allocative efficiency?

• A)Products are being produced at their lowest cost.
• B)Everyone is able to obtain everything he or she desires.
• C)The cost of an additional item would be less than its price.
• D)The income of the society is being equitably distributed.
• E)The best combination of goods is being produced.

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Lacking sense or clear, sound reasoning.

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