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Allocative Efficiency associated with competitive equilibrium is a...

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Allocative Efficiency associated with competitive equilibrium is a...

Allocative Efficiency associated with competitive equilibrium is a condition where

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Producer plus consumer surplus equals zero


The price of output is greater than consumer surplus 


Society obtains the greatest output for the least price


AVC = ATC

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Answered by silausedasiopurong99 on coursehero.com

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