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From course:

Economics A Level (DONEEEEEEE)

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Question:

Why can PC Markets lead to Productive Efficiency?

Author: eric_galvao



Answer:

-Productive Efficiency is when the Costs of Production is at the Lowest Point -Since Firms are Maxing out Profits, it can happen Directly because Firms want to reduce Waste and Inefficiency else it may have to Leave -So it will lead to Firms producing at the Lowest Level of AC - The Lowest Cost Level possible making it Productive Efficiency


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