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valentinak56 [21]
3 years ago
12

Does the market system result in allocative​ efficiency? in the long​ run, perfect competition

Business
1 answer:
Inga [223]3 years ago
7 0
C.

Allocative efficiency in simple terms basically means there is no wastage, therefore if producers produce at price equals marginal coat, they are producing at the point where consumers are willing to pay that final price. Refer to the poorly drawn diagram for reference.

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