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Which of the following is true? When there are no externalities, public goods, common resources, taxes or subsidies, then
I. allocative efficiency occurs when marginal benefit exceeds marginal cost by as much as possible.
Ii. a competitive equilibrium resource allocation is efficient.
Iii. fair rules require income transfers from the rich to the poor.
User-generated Content
Content created and shared by consumers or end-users of an online platform or service, often consisting of text, images, videos, or reviews.
Commercial Profit
The financial gain generated from business activities, after subtracting the costs of operations and expenses.
Online Media
Digital forms of communications such as websites, social media platforms, and streaming services that are accessed via the internet.
User-generated Content
Media content created and shared by consumers, often facilitated by online platforms and social media, contributing to brand engagement.
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