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Therefore allocative efficiency is when goods and services are produced close to the quantity that is desired by society. Allocative efficiency occurs when goods and services are distributed according to consumer preferences. Ppt Social Goals Vs Market Efficiency Powerpoint Presentation This is…

Economic efficiency is when every scarce resource in an economy is used and distributed among producers and consumers in a way that produces the most economic output and benefit to consumers. Market efficiency was developed in 1970 by economist eugene. Revolutionnary Which Of The Following Is Tr…