Use the Following Statements to Answer This Question

question 97

Multiple Choice

Use the following statements to answer this question. I. Output efficiency requires that goods are produced in combinations that match people's willingness to pay for the goods.
II) Output efficiency requires that goods are produced at costs that match people's willingness to pay for the goods.

• A) Both I and II are true.
• B) I is true, and II is false.
• C) I is false, and II is true.
• D) Both I and II are false.

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