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Utilize the knowledge you have gained to respond to the following essay questions. Your answers should state your position and use logical arguments and content from this and other chapters in the textbook to support it.
-In 2010, Pepsi announced a plan to promote healthy foods. What is the status of the program? Have they expanded the idea to other countries?
Allocative Efficiency
A state of the economy where resources are distributed according to consumer preferences in a way that maximizes overall welfare.
Productive Efficiency
A situation in which an economy or a production process can no longer produce more of one good without sacrificing the production of another good and occurs at any point on the production possibility frontier.
Product Variety
The range of different products or services offered by a company or available in a market.
Benefits
Advantages or positive outcomes that result from actions, policies, or products.
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