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Allocative efficiency means that ___________.

A. the marginal benefit of the product exceeds its marginal cost
B. the product is sold at a price equal to the average cost of producing it.
C. the product is produced at the lowest unit-cost possible
D. society’s scarce resources are used to produce products that align with consumer preferences

Respuesta :

Answer:

D. society’s scarce resources are used to produce products that align with consumer preferences

Explanation:

Allocation efficiency is a point in the economy when the goods and services being produced are exactly what the customers or people of the economy want  and this is a point of production when marginal social benefit of producing the good is equal to the producers marginal cost.

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