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Homework answers / question archive / Which type of economic system will produce the highest degree of allocative efficiency?   a

Which type of economic system will produce the highest degree of allocative efficiency?   a

Business

Which type of economic system will produce the highest degree of allocative efficiency?

 

a.

a command system with limited market activity for non-essentials

 
 

b.

a purely command economic system

 
 

c.

a market system with limited price controls and price ceilings

 
 

d.

a perfectly competitive market system

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