For Allocative Efficiency to Hold

question 2

Multiple Choice

For allocative efficiency to hold,

• A)price must equal marginal revenue of the last unit sold.
• B)price must equal the marginal cost of the last unit produced.
• C)the average variable cost must be minimized in production.
• D)the average total cost must be minimized in production.

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Definitions:

Intra-Racial Pattern

A term related to behaviors, attitudes, or structures that occur within the same racial group.

Rapes

The act of sexual assault, typically involving sexual intercourse or other forms of sexual penetration, carried out against a person without that person's consent.

Today

The present day or the actual time in which something happens.

Rapists

Individuals who engage in rape, the non-consensual sexual intercourse with another person through force, threat, or manipulation.