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9 July, 21:44

Economic efficiency is defined as a market outcome in which the marginal benefit to consumers of the last unit produced is equal to the marginal cost of​ production. True or False

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  1. 9 July, 22:12
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    Answer: true

    Explanation:

    Economic efficiency implies an economic state in which every resource is optimally allocated to serve each individual in the best way while minimizing waste and inefficiency.
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