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If an Economy's Resources Are Used Efficiently,then It Is Guaranteed

question 10

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If an economy's resources are used efficiently,then it is guaranteed that the economy will also achieve equity.


Definitions:

Industry Output

The total production or quantity of goods and services produced within a specific industry over a given period.

Top Firms

The leading or most successful companies in a particular industry or sector based on criteria like revenue, innovation, market share, or profitability.

Monopolistic Industry

An industry dominated by a single firm that has control over the market prices and production.

Unique Product

A product that has distinct features or attributes making it different from others in the market.

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