moh5 moh5
  • 25-10-2017
  • Business
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What is allocative efficiency?

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kbmcclure908 kbmcclure908
  • 25-10-2017
a state of the economy in which production represents consumer preferences; in particular  every good or service is produced up to the point where the last unit provides a marginal benefit to consumers equal to the marginal cost of producing 
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