_____ is achieved when goods are produced and sold to consumers at their lowest possible opportunity cost.

Name: _____ is achieved when goods are produced and sold to consumers at their lowest possible opportunity cost.
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Question

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Productive efficiency is achieved when goods are produced at their lowest possible opportunity cost, meaning that it is impossible to produce more of one good without producing less of another. This indicates that resources are being used in the most efficient way possible.

_____ Is Achieved When Goods Are Produced and Sold to Consumers