Efficiency refers to whether a market outcome is fair,while equity refers to whether the maximum amount of output was produced from a given number of inputs.

Name: Efficiency refers to whether a market outcome is fair,while equity refers to whether the maximum amount of output was produced from a given number of inputs.
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Efficiency refers to whether the maximum amount of output was produced from a given number of inputs, while equity refers to whether the market outcome is fair and just.

Efficiency Refers to Whether a Market Outcome Is Fair,while Equity