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A wild-type organism and a genetic variant both have a gene encoding a receptor producing a chemotactic response to metabolite A. The genetic variant has a mutation in a regulatory gene for expression of the receptor. Which of the following statements with respect to the receptor is CORRECT?
Efficient Allocation
The distribution of resources in a way that maximizes the net benefit received by an economy.
Allocative Efficiency
A state of the economy where resources are apportioned in a way that maximizes the overall benefit to society.
Productive Efficiency
A state where an economy or entity cannot produce more of one good without producing less of another, utilizing all resources in the best possible way without waste.
Economic Profit
The difference between total revenue and the total opportunity costs (both explicit and implicit) of all resources used.
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