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(Allocative efficiency? Voluntary exchange? Productive efficiency? occurs when a good or service is produced at the lowest possible cost. (Allocative efficiency? Voluntary exchange? Productive efficiency?
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(Allocative efficiency?

Voluntary exchange?
Productive efficiency?
occurs when a good or service is produced at the lowest possible cost.
(Allocative efficiency?
Voluntary exchange?
Productive efficiency?
occurs when production is in accordance with consumer preferences.

User Tacoman
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Answer:

The correct answers are;

Productive efficiency occurs when a good or service is produced at the lowest possible cost.

Allocative efficiency occurs when production is in accordance with consumer preferences.

User UndefinedReference
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