3) In this class we have discussed two types of efficiency: allocation efficiency and productive efficiency. This question is intended to explore those concepts more deeply. Assume the market for milk is a perfectly competitive market. a. Briefly explain the meaning of allocationficiency in this market. b. Briefly explain the meaning of productive efficiency in this market. c. Is there any other important gain or cost to society caused by the dairy market that is not included in our two definitions of efficiency