Examlex
Whorl one,the outermost whorl of a flower is made up of:
Allocative Efficiency
A state of the economy in which production represents consumer preferences; every good or service is distributed to yield the highest aggregate utility.
Willingness To Pay
The maximum amount a consumer is prepared to spend to acquire a good or service.
Acceptable Price
The price at which consumers feel they are getting good value for the products or services purchased.
Allocative Efficiency
A state of resource distribution where it is impossible to make any one individual better off without making someone else worse off, maximizing social welfare.
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