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Select all that apply Which of the following represent an improvement to allocative efficiency from product innovation? Multiple select question. A more preferred mix of
Select all that apply Which of the following represent an improvement to allocative efficiency from product innovation? Multiple select question. A more preferred mix of goods and services are available. An increase in the productivity of the resources used to produce the goods and services. A higher total utility for society from the goods and services available. A reduction in the costs of producing the goods and services
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