Resources are allocated efficiently when
A) the market produces what people want.
B) economic profits are zero.
C) output is distributed in an equitable fashion.
D) output is produced in a sustainable fashion.

Question

Quizplus · Accepted Answer

Efficient allocation of resources occurs when the market produces goods and services that are in demand by consumers, meaning that resources are used in a way that meets consumer preferences and needs most effectively.

Resources Are Allocated Efficiently When