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Allocation of resources is inefficient only if:________

1 Answer

4 votes

Answer:

we produce the goods and services that people value less

Step-by-step explanation:

Remember, an inefficient activity is one that fails to achieve maximum productivity with minimum wasted effort.

Let's take for example a mobile producer (manufacturer) decides to allocate its resorces into producing laptops. However, it later determined that the allocated resources were inefficient since most consumers according to a survey now prefer tablet computers. The company received low sales volume as result.

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