Examlex
Which of the following is an "unsought product"?
Efficient Level
An optimal efficiency point where resource allocation results in the highest possible benefit or output with the least waste of resources.
Output
A rephrased definition: Refers to the final product or result produced by a process or system.
Competitive Level
A state in a market where firms are able to enter and exit freely, and prices are determined by supply and demand.
Industry
A classification of businesses that perform similar types of work or produce similar goods and services.
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