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When a firm or economy is operating efficiently, which of the following is true? Question 11 options: a) It is operating inside its production possibilities

When a firm or economy is operating efficiently, which of the following is true? Question 11 options: a) It is operating inside its production possibilities frontier. b) It is operating at the intersection of the production possibilities frontier and the vertical axis. c) It is operating on its production possibilities frontier. d) It is operating outside its production possibilities frontier

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