Use the following statements to answer this question. I. Output efficiency requires that goods are produced in combinations that match people's willingness to pay for the goods.
II) Output efficiency requires that goods are produced at costs that match people's willingness to pay for the goods.
A) Both I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) Both I and II are false.

Question

Quizplus · Accepted Answer

Output efficiency requires that goods are produced in combinations and at costs that match people's willingness to pay for the goods.

Use the Following Statements to Answer This Question