Allocative efficiency is achieved when:________
a. Goods and services are produced at the lowest cost possible
b. Markets produce the most wanted combination of goods and services
c. All firms are making an economic profit
d. All available resources are used

Question

04-07-2024
Business

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Allocative efficiency is achieved when:________
a. Goods and services are produced at the lowest cost possible
b. Markets produce the most wanted combination of goods and services
c. All firms are making an economic profit
d. All available resources are used

Sagot :

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Allocative efficiency is achieved when:________a. Goods and services are produced at the lowest cost possibleb. Markets produce the most wanted combination of goods and servicesc. All firms are making an economic profitd. All available resources are used

Sagot :

Other Questions

Allocative efficiency is achieved when:________
a. Goods and services are produced at the lowest cost possible
b. Markets produce the most wanted combination of goods and services
c. All firms are making an economic profit
d. All available resources are used