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Economic efficiency for the entire economy requires that :

Question:

Economic efficiency for the entire economy requires that :

A.

Potential gains to anyone necessitate losses to another

B.

All goods be produced at their lowest possible opportunity costs

C.

Maximum-valued output is obtained from given resource

D.

All of the above

Answer» d. All of the above

Note: The above multiple-choice question is for all general and Competitive Exams in India