A firm that is technologically efficient
A) always makes an economic profit.
B) must be economically efficient, but a firm that is economically efficient is not always technologically efficient.
C) must be economically efficient, and a firm that is economically efficient must always be technologically efficient.
D) is not always economically efficient, and a firm that is economically efficient is not always technologically efficient.
E) is not always economically efficient, but a firm that is economically efficient must always be technologically efficient.
Correct Answer:
Verified
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