When economic efficiency is attained, it implies all of the following, except: A. All of these...
When economic efficiency is attained, it implies all of the following, except:
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Homework Answers
Ans: C) The gap between marginal benefits and marginal costs of production is at maximum.
Explanation:
When economic efficiency is attained, it implies allocative efficiency and productive efficiency is achieved. As a result total consumer and producer surplus will be at a maximum.
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When economic efficiency is attained, it implies all of the
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