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Why is Allocative Efficiency where P=MC?

Jim Riley

27th January 2014

Used all the time but generally poorly understood - this video reveals exactly why P=MC is the allocatively efficient point of production (basically where demand=supply)

To watch more videos please visit and share the channel - EconplusDal

Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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