Productive efficiency implies
A) the possibility of gains in one area without losses in another.
B) that more output has been produced.
C) the impossibility of gains in one area without losses in another.
D) that prices are stable.
E) c and d

Question

Quizplus · Accepted Answer

Productive efficiency occurs when an economy or entity cannot produce more of one good without reducing the output of another good, hence the impossibility of gains in one area without losses in another.

Productive Efficiency Implies