Question
A firm is producing an output such that benefit from one more unit is more than the cost of producing that additional unit. this means
a. producing more output than allocative efficiency requires
b. producing less output than allocative efficiency requires.
c. achieving productive efficiency.
d. none of these
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
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