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Author Question: Which of the following is required for an economy to be allocatively efficient? (Read 98 times)

aeb093

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on: Oct 12, 2022
Which of the following is required for an economy to be allocatively efficient?
◦ The economy's resources must be fully employed.
◦ All firms are breaking even.
◦ The price equals average cost for all goods.
◦ Price equals marginal cost for all products.
◦ The average cost of production is the lowest possible for all goods produced.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by aeb093 on Oct 12, 2022

ahardin89

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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aeb093

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

sultansheikh

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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