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If a firm is producing so that the point chosen along the production possibility frontier is socially preferred, then that firm is said to have reached its:________

a. allocative efficiency
b. productive efficiency
c. utility-maximizing efficiency
d. minimum price efficiency


Respuesta :

Answer:

b

Explanation:

Productive efficiency means that production is been carried out with no waste.  

Production possibility frontier is a curve that shows the various combinations of goods that can be produced in an economy when all resources are fully utilised.

On the ppf, all resources are fully utilised, so there is productive efficiency.

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