An allocation is efficient if: a. it is technically infeasible to make anyone better off without making someone worse off. b. the surplus is split equally between producers and consumers. c. no individual has an incentive to change behavior. d. profits are maximized.
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Home » Business » An allocation is efficient if: a. it is technically infeasible to make anyone better off without making someone worse off. b. the surplus is split equally between producers and consumers. c. no individual has an incentive to change behavior. d.