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We can say that in perfect competition, firms make the right stuff in the right way. Which part of this phrase refers to productive efficiency?
We can say that in perfect competition, firms "make the right stuff in the right way". Which part of this phrase refers to productive efficiency? Group of answer choices Neither parts of this phrase have anything to do with allocative efficiency Both parts of this phrase lead to allocative efficiency Making stuff in the "right way" because firms make products using the least cost combination of inputs Making the "right stuff", because we are making products most preferred by consumers Allocative efficiency equals productive efficiency
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