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islandgurl islandgurl
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A year ago
If the total output of some industry is allocated among its individual firms in such a way that the total cost of producing the industry's output is minimized, we know the industry has achieved
1) full employment of resources;
2) productive efficiency;
3) allocative efficiency.

▸ 1 only

▸ 2 only

▸ 3 only

▸ both 1 and 3

▸ both 2 and 3
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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AdieMichelleAdieMichelle
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#1
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A year ago
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islandgurl Author
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A year ago
Good timing, thanks!
yen
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Yesterday
Thanks for your help!!
logbi
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2 hours ago
This site is awesome
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