Question: Which option best describes allocatively inefficiency in a market? a.Allocatively inefficiency occurs when there is disequilibrium in the market. b.Allocatively inefficiency occurs when marginal cost

Which option best describes allocatively inefficiency in a market?

a.Allocatively inefficiency occurs when there is disequilibrium in the market.

b.Allocatively inefficiency occurs when marginal cost of production is greater than marginal benefit.

c.Allocatively inefficiency occurs when marginal cost of production is less than marginal benefit.

d.Allocatively inefficiency occurs when there is neither shortages or surpluses.

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