Question

If for a firm P=minimum ATC=MC, then

A) both allocative efficiency and productive efficiency are being achieved.

B) allocative efficiency is being achieved, but productive efficiency is not

C) neither allocative efficiency nor productive efficiency is being

D) productive efficiency is being achieved, but allocative efficiency is not achieved. 

 

If for a firm P-minimum ATC MC, then 0) A) both allocative efficiency and productive efficiency are being achieved. B) allocative efficiency is being achieved, but productive efficiency is not C) neither allocative efficiency nor productive efficiency is being D) productive efficiency is being achieved, but allocative efficiency is not. achieved.