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the efficiency factor involves both productive and allocative efficiency which means in order to reach its full production potential an economy must multiple choice question use its r 66808
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How does perfect competition lead to allocative efficiency and productive efficiency? | Numerade
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Distinguish between production efficiency and allocative efficiency. Explain why many production possibilities achieve production efficiency but only one achieves allocative efficiency. | Numerade
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What is meant by the term 'allocative efficiency'?... | Filo
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