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What type of efficiency occurs when the maximum number of goods and services are produced with a given amount of inputs?
  • a)
    Allocative efficiency
  • b)
    X inefficiency
  • c)
    Productive efficiency
  • d)
    Dynamic efficiency
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What type of efficiency occurs when the maximum number of goods and se...
Productive efficiency occurs when the maximum number of goods and services are produced with a given amount of inputs, typically on the production possibility frontier.
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What type of efficiency occurs when the maximum number of goods and services are produced with a given amount of inputs?a)Allocative efficiencyb)X inefficiencyc)Productive efficiencyd)Dynamic efficiencyCorrect answer is option 'C'. Can you explain this answer?
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