Economic efficiency indicates that
A) if something is worth doing, you should do it as well as humanly possible.
B) all pollution should be eliminated.
C) automobiles should be made as safe as possible
D) it nearly always makes sense to stop an activity well before perfection is achieved.

Question

Quizplus · Accepted Answer

Economic efficiency suggests that resources should be allocated in a way that maximizes net benefits, which often means stopping an activity before reaching perfection due to diminishing returns and increasing costs.

Economic Efficiency Indicates That