32. Market Efficiency Flashcards
1
Q
Productive efficiency
A
When the firm produces at the lowest possible cost
- Minimum of AC (MC=AC)
2
Q
A
A level Economics - 9708 > 32. Market Efficiency > Flashcards
Productive efficiency
When the firm produces at the lowest possible cost
- Minimum of AC (MC=AC)
A level Economics - 9708 (12 decks)