It is clear that productive inefficiency is a waste since resources are used in a way that

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It is clear that productive inefficiency is a waste since resources are used in a way that produces less goods and services than a nation is capable of. Why is allocative inefficiency also wasteful?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 29, 2023 09:42 AM

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It is clear that productive inefficiency is a waste since resources are used in a way that

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Allocative inefficiency is wasteful because it results in a misallocation of resources leading to a situation where the economy produces the wrong mix ...View the full answer

Principles Of Economics

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