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    Microeconomics Study Set 45
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    Exam 15: Technology, RD, and Efficiency
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    Technological Advance Improves Allocative Efficiency by
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Technological Advance Improves Allocative Efficiency by

Question 50

Question 50

Multiple Choice

Technological advance improves allocative efficiency by


A) enhancing monopoly power.
B) reducing income inequality.
C) giving society a more-preferred mix of goods and services.
D) encouraging saving.

Correct Answer:

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