Which of the following best describes "economic efficiency"?
A) Producing goods at the lowest possible cost.
B) Maximizing the amount of goods produced.
C) Allocating resources in a way that maximizes total surplus.
D) Equally distributing goods among all individuals.

Question

24-06-2024
Business

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Which of the following best describes "economic efficiency"?
A) Producing goods at the lowest possible cost.
B) Maximizing the amount of goods produced.
C) Allocating resources in a way that maximizes total surplus.
D) Equally distributing goods among all individuals.

Sagot :

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