[Solved] What Does Allocative Efficiency Mean

Question 75
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What does allocative efficiency mean?


A)That a product is produced where its price is equal to its marginal costs.
B)That a product is produced where its price is below its marginal costs.
C)That a product is produced where its price is equal to its average costs.
D)That a product is produced where its price is below its average costs.

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