[Solved] When Does Allocative Efficiency Occur

Question 72
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When does allocative efficiency occur?


A)When the price of the product is equal to its short-run average cost.
B)When the price of the product is equal to its long-run average cost.
C)When the price of the product is equal to its marginal cost.
D)When the price of the product is below its marginal cost.

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