No$,$ allocative efficiency implies that price equals marginal cost. In this example, price is above marginal cost.

Yes, allocative efficiency implies that price is above marginal cost. In this example, price is above marginal cost.

No$,$ allocative efficiency only occurs in a monopoly situation with no competitors. Monopolists have more control over price, which makes a monopoly more allocatively efficient.

No$,$ allocative efficiency implies price is below marginal cost. In this example, price is above marginal cost.