MrsLovejoy Decides to Invest in Companies Which She Believes Can

question 121

Multiple Choice

Mrs.Lovejoy decides to invest in companies which she believes can produce its goods at the lowest possible cost.Mrs.Lovejoy is investing in companies that are

• A)productively efficient.
• B)allocatively efficient.
• C)both productively and allocatively efficient.
• D)always going to be profitable.