The Term Productive Efficiency Refers to _____

Multiple Choice

The term productive efficiency refers to _____

A) the short-run equilibrium for a competitive firm.
B) the production of all goods and services that consumers want.
C) the production of a good at the lowest long-run average cost.
D) the equality between average total and average variable cost.
E) satisfying the condition of equality between marginal cost and marginal revenue.