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Home Q & A Board Other Fields Homework Help Business Economics
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Retnec Retnec
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6 years ago
If firms produce each product at minimum cost, but fail to produce the mix of products that consumers desire they most, they are achieving allocative efficiency but not production efficiency.
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Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
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foliogefolioge
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Retnec Author
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#2
6 years ago
My exam's next week!

Perfect timing
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