Examlex
-In the above figure, which of the following points indicates the efficient use of resources?
Long-Run Equilibrium
A state in economic analysis where all factors of production are variable, leading to companies operating at their most efficient level and no further economic profits in a perfectly competitive market.
Club Meeting
A scheduled gathering of members of a particular group or organization to discuss issues, plans, or activities related to the group's interests.
Attendance
The act of being present at a particular place or event.
Persons
Refers to individuals or entities that are capable of possessing rights and duties.
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