Examlex
Select the correct plural form of "diagnosis."
Efficient Price
A market condition where prices reflect all available information and resources are allocated to their most valuable use.
Efficient Quantity
The level of output where the marginal benefit to consumers equals the marginal cost of producing an additional unit, leading to optimal resource allocation.
Economic Efficiency
A condition in which all resources are distributed in the most efficient manner, ensuring that every individual or organization benefits optimally, with minimal waste and inefficiencies.
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