Question: Allocative efficiency (A) implies optimal resource deployment. (B) means no inferior products will be produced. (C) ensures the distribution of output is equitable. (D) can

Allocative efficiency

(A) implies optimal resource deployment.

(B) means no inferior products will be produced.

(C) ensures the distribution of output is equitable.

(D) can only occur in pure command economies.

(E) defies the idea of the invisible hand.

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