Technological efficiency occurs when the firm produces a given output by using the least amount of inputs.
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Q368: Q369: A monopolistically competitive firm produces a good Q370: Q371: The most prevalent market structures in the Q372: If a firm is achieving economic efficiency Q374: If a firm produces a given amount Q375: The possibility that the managers of a Q376: Proprietorships generally have unlimited liability, whereas partnerships Q377: The decision about whether a firm in Q378: Technological efficiency occurs when it is not
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