'''Allocative efficiency''' is the
market condition whereby resources are allocated in a way that maximises the net benefit attained through their use. Allocative efficiency is also defined as the production of the quantity that is most beneficial to
society. A firm is allocatively efficient when its price is equal to its marginal costs (that is, P = MC).
See also:
Pareto efficiency
References
allocative efficiency
fi:Allokointitehokkuus
Category:Economic efficiency