By producing output level Q: MC АТС Q Q2 Quantity Price P.

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter13: Positive Externalities And Public Goods
Section: Chapter Questions
Problem 23P: HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow...
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options:

1) Neither productive or allocative efficiency are achieved
2) Both productive and allocative effociency are achieved
3) Allocative effociency is achieved but productive efficiency is not
4) Productive efficiency is achieved but allocative is not
please clarify with answer
 
By producing output level Q:
MC
АТС
MR
Q1
Q
Q2
Quantity
Price
Transcribed Image Text:By producing output level Q: MC АТС MR Q1 Q Q2 Quantity Price
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