Question: Allocative Efficiency associated with competitive equilibrium is a condition where Question 25 options: Producerplus consumer surplusequals zero The price of output is greater than consumer

Allocative Efficiency associated with competitive equilibrium is a condition where

Question 25 options:

Producerplus consumer surplusequals zero

The price of output is greater than consumer surplus

Society obtains the greatest output for the least price

AVC = ATC

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