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Author Question: Which of the following describes a characteristic of allocative efficiency? (Read 122 times)

aeb093

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on: Oct 12, 2022
Which of the following describes a characteristic of allocative efficiency?
◦ Resources are allocated such that total economic surplus is maximized.
◦ Resources are distributed equitably.
◦ Monopoly market structures are encouraged if it generates innovation.
◦ Output is produced at lowest possible cost.
◦ All monopoly markets are discouraged.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by aeb093 on Oct 12, 2022

iamkarenvv

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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
Great answer, keep it coming :)

mammy1697

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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