Consider two firms,A and B,that are producing the same product but with different average costs.Economists say this situation reflects a problem of
A)unemployed resources.
B)economic inefficiency.
C)productive inefficiency.
D)allocative inefficiency.
E)Not necessarily any of the above.

Question

Quizplus · Accepted Answer

The Answer of Consider two firms,A and B,that are producing the same product but with different average costs.Economists say this situation reflects a problem of
A)unemployed resources.
B)economic inefficiency.
C)productive inefficiency.
D)allocative inefficiency.
E)Not necessarily any of the above.

Consider Two Firms,A and B,that Are Producing the Same Product