In a market economy, why does a firm have a strong incentive to be productively efficient and

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In a market economy, why does a firm have a strong incentive to be productively efficient and allocatively efficient? What does the firm earn if it is productively and allocatively efficient, and what happens if it is not?

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 06:41 AM

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In a market economy, why does a firm have a strong incentive to be productively efficient and

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Economics

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