Allocative efficiency occurs when consumers pay what it costs to produce the last unit and also pay a price equal to the minimum of the average total cost.

Name: Allocative efficiency occurs when consumers pay what it costs to produce the last unit and also pay a price equal to the minimum of the average total cost.
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The Answer of Allocative efficiency occurs when consumers pay what it costs to produce the last unit and also pay a price equal to the minimum of the average total cost.

Allocative Efficiency Occurs When Consumers Pay What It Costs to Produce