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A Firm That Is Technologically Efficient

Question 95

Multiple Choice

A firm that is technologically efficient


A) always makes an economic profit.
B) must be economically efficient, but a firm that is economically efficient is not always technologically efficient.
C) must be economically efficient, and a firm that is economically efficient must always be technologically efficient.
D) is not always economically efficient, and a firm that is economically efficient is not always technologically efficient.
E) is not always economically efficient, but a firm that is economically efficient must always be technologically efficient.

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