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Select all that apply Which of the following represent an improvement to allocative efficiency from product innovation? Multiple select question. An increase in the productivity

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

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