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Business, 19.11.2019 18:31 melissalopez12

Which of the following statements is false? a. allocatively efficient firms produce at a quantity for which p=mc. b. allocative efficiency strives for efficiency at the societal level. c. allocatively efficient firms are typically monopolists, whereas perfectly competitive firms are allocatively inefficient. d. allocative efficiency encourages competition among companies to inspire a wide range of innovation.

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