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Refer to the figure. The graph represents
Efficient Share
The optimal allocation or distribution of resources and goods in a way that maximizes productivity and utility without waste.
Efficiently Used
Utilized in a manner that maximizes productivity or effectiveness while minimizing waste or unnecessary expenditure of resources.
Scarcity
The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.
Efficiency
The optimal use of resources to achieve the best possible outcome.
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