Allocative efficiency occurs when the: / » Micro economics 2 solved MCQs / By admin Question: Allocative efficiency occurs when the: A. minimum of average total cost equals average revenue. B. minimum of average total cost equals marginal revenue. C. marginal cost equals the marginal benefit to society. D. marginal revenue equals marginal benefit to society. Answer» c. marginal cost equals the marginal benefit to society. Note: The above multiple-choice question is for all general and Competitive Exams in India.
