Graph a and graph b have several differences. What difference between the two shows a failure to meet productive efficiency?





a. In graph a, ATC touches the demand curve at P equals MC.

b. In graph b, the demand curve is downward sloping.

c. In graph a, P equals both MR and MC.

d. In graph b, MC is less than P*, and q* is less than it could be.


d. In graph b, MC is less than P*, and q* is less than it could be.

Economics

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