Exam Question
An output combination is technically efficient if
- 1. it is possible to produce more of all goods
- 2. it is possible to produce more of one good without producing less of another
- 3. it is not possible to produce more of one good without producing less of another
- 4. it is not possible to produce more of one good at any cost
View Answer
Answer 3. it is not possible to produce more of one good without producing less of another
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