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Gracie Smithee
on Oct 12, 2024

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If the firm were operating at optimal efficiency it would have an output of

A) OI.
B) OJ.
C) OK.
D) OL.

Optimal Efficiency

The most advantageous level of efficiency where resources are utilized in a way that maximizes output or benefits without waste.

Operating

refers to the day-to-day functions and activities carried out in managing an organization or business.

Output

The total amount of goods and services produced by a business, industry, or economy within a particular time frame.

  • Assess the consequences of monopoly practices on market efficiency and the resultant economic conditions.
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Fredy MercadoOct 17, 2024
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