Which One of the Following Need Not Be Satisfied to Achieve

question 21

Multiple Choice

Which one of the following need not be satisfied to achieve allocative efficiency?

• A)Marginal social cost equals marginal social benefit.
• B)The sum of consumer surplus and producer surplus is maximized.
• C)Price equals marginal social benefit.
• D)Price equals marginal social cost.
• E)Only high-quality goods are produced.

---

Definitions:

Gifted Children

Gifted children display exceptionally high levels of aptitude or competence in one or more domains at a level considerably above the norm for their age, often requiring differentiated educational programs to meet their educational needs.

Stated Purpose

The explicitly expressed aim or reason behind an action, study, or project.

Memory Capacity

The amount of information that can be held in memory, either short-term, working, or long-term memory.

Speed

The rate at which someone or something moves or operates or is able to move or operate.