Which pair of economic insitiution can be found in a market economy? A) government and charities b) monopolies and commerical banks c)
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Ответ:
the combined consumer and producer surplus is maximized.
Explanation:
Allocative efficiency occurs when the production in the economy is aligned with the consumer preferences. Here, the particular mix of the products that the society produces consist of what the society desires.
When a competitive market achieves allocative efficiency, the combined consumer and producer surplus is maximized.