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A firm is producing an output such that the benefit from one more unit is more than the cost of producing that additional unit. This
A firm is producing an output such that the benefit from one more unit is more than the cost of producing that additional unit. This means the firm is Question 6 options: A) achieving productive efficiency. B) producing an inefficient output, but we can't say whether output should be increased or decreased. C) producing more output than allocative efficiency requires. D) producing less output than allocative efficiency requires
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