Question
Which describes the best realtionship between technical effciency and allocative efficiency in the long run equlibrium under pure competition? Select one: a. Technical efficiency is
Which describes the best realtionship between technical effciency and allocative efficiency in the long run equlibrium under pure competition?
Select one:
a. Technical efficiency is greater than allocative efficiency.
b. They are both maximized.
c. Allocative efficiency is greater than thechnical efficiency.
d. They have no relationship with each other.
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Using R For Econometrics
Authors: Florian Heiss
1st Edition
1523285133, 9781523285136
