What is an economically efficient allocation? How does an economically efficient allocation differ from an inefficient allocation?

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:08 AM

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What is an economically efficient allocation? How does an economically efficient allocation differ from an inefficient allocation?

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An allocation of goods and inputs is economically efficient if there is no other fe...View the full answer

Microeconomics

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