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Productive efficiency means that A. a good or service is produced as quickly as possible. OB. a good or service is produced at the lowest
Productive efficiency means that A. a good or service is produced as quickly as possible. OB. a good or service is produced at the lowest possible cost. O C. every good or service is produced up to the point where marginal benefit is equal to marginal cost. O D. every good or service is distributed fairly. Allocation efficiency means that O A. a good or service is produced at the lowest possible cost. O B. every good or service is distributed fairly. O C. a good or service is produced as quickly as possible. O D. every good or service is produced up to the point where marginal benefit is equal to marginal cost
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