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Productive efficiency exists in the economy when: A. The firm uses the most labor intensive method of production. B. Firms use least cost method of

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Productive efficiency exists in the economy when: A. The firm uses the most labor intensive method of production. B. Firms use "least cost" method of producing goods and services. C. The production of goods and services uses the most "capital intensive" techniques. P. The firm is able to charge the highest price possible for the product

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