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Select the choice 1 thru 3 that best fits the questions below. Question 19 options: How should products be produced? For Whom are products produced?
Select the choice 1 thru 3 that best fits the questions below. Question 19 options: "How" should products be produced? "For Whom" are products produced? "What" products should be produced? 1. Those that are willing and able to pay the price. 2. Products that consumers most want which is known as allocative efficiency. 3. At maximum output given resources/technology which is known as productive or technical efficiency
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