Question: Allocative efficiency is really about whether the economy 'has the quantities right'it is not really about prices at all. Prices are important only in a

"Allocative efficiency is really about whether the economy 'has the quantities right'—it is not really about prices at all. Prices are important only in a discussion about allocative efficiency because in a free market changes in prices bring about the efficient allocation of resources." Comment on this statement.

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