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An economy that is producing at a suboptimal point on its production possibility frontier is Group of answer choices efficient, as it is on the
An economy that is producing at a suboptimal point on its production possibility frontier is
Group of answer choices
efficient, as it is on the production possibility frontier.
efficient, as the economy is producing goods at the lowest possible cost.
inefficient, as the combination of goods and services produced is not what people want.
inefficient, as that combination of goods could be produced at a lower cost if more efficient technology were employed.
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