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Define productive efficiency. Explain why being productively efficient does not necessar

Define productive efficiency. Explain why being productively efficient does not necessar

 Define productive efficiency.  Explain why being productively efficient does not necessarily mean using the latest in high-tech production methods.

 

122) Explain allocative efficiency. Does allocative efficiency imply that using the fastest production processes or most high-tech equipment is best? Explain.

 

Abhinav 07-Dec-2019

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