There can be an efficient allocation of resources even if P does not equal MC for all commodities.

Name: There can be an efficient allocation of resources even if P does not equal MC for all commodities.
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In economic theory, an efficient allocation of resources occurs when the price (P) equals the marginal cost (MC) for all commodities. This condition ensures that resources are used where they are most valued and contributes to maximizing overall welfare.

There Can Be an Efficient Allocation of Resources Even If