DP Economics Questionbank
Allocative efficiency
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[N/A]Directly related questions
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18M.1.SL.TZ1.2b:
Discuss the view that competitive markets will always achieve allocative efficiency.
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18N.3.HL.TZ0.2a.i:
Define the term social (community) surplus.
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18N.3.HL.TZ0.2a.ii:
Calculate the social (community) surplus in the market for cotton in San Marcus.
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19M.1.SL.TZ1.1b:
Examine the view that the best allocation of resources, from society’s point of view, occurs where the marginal private benefit equals the marginal private cost.
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19M.3.HL.TZ0.2e.ii:
Calculate the change in social (community) surplus as a result of the increase in demand for oranges.
- 19N.1.SL.TZ0.2a: Explain the view that the best allocation of resources occurs when consumer surplus and producer...
