Question: Allocative efficiency is defined where: [ begin{array}{l} (P-A T C) times Q P=M C P=M R=A R T R-T C end{array} ]

Allocative efficiency is defined where: \\[ \\begin{array}{l} (P-A T C) \\times Q \\\\ P=M C \\\\ P=M R=A R \\\\ T R-T C \\end{array} \\]

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