Allocative efficiency occurs when
A) marginal social cost exceeds marginal social benefit.
B) marginal social benefit exceeds marginal social cost.
C) marginal social benefit equals marginal social cost.
D) total social benefit exceeds total social cost.
Correct Answer:
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Q133: The market supply curve shows the
A) minimum
Q134: Charlie's consumer surplus from the first slice
Q135: Resource use is efficient when production is
Q136: Total surplus is defined as
A) consumer surplus
Q137: The producer surplus from a good is
Q139: If resources are used efficiently, then
A) marginal
Q140: Which of the following statements is TRUE?
A)
Q141: When the amount of output is such
Q142: Q143: 
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