A Firm Is Producing an Output Such That the Benefit

question 232

Multiple Choice

A firm is producing an output such that the benefit from one more unit is more than the cost of producing that additional unit. This means the firm is

• A)producing more output than allocative efficiency requires.
• B)producing less output than allocative efficiency requires.
• C)achieving productive efficiency.
• D)producing an inefficient output, but we cannot say whether output should be increased or decreased.

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