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Allocative efficiency occurs only at that output where: A) marginal benefit exceeds the marginal cost by the greatest amount. B) consumer surplus exceeds producer surplus by the greatest amount.

Allocative efficiency occurs only at that output where:

A) marginal benefit exceeds the marginal cost by the greatest amount.

B) consumer surplus exceeds producer surplus by the greatest amount.

C) the combined amounts of consumer surplus and producer surplus are maximized.

D) the areas of consumer and producer surplus are equal.

May 12 2021 View more View Less

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