Question

define economic efficiency ?​

Answer 1

$\huge\mathcal\pink{\boxed{\boxed{Answer}}}$

• Economic efficiency is a broad term typically used in microeconomics in order to denote the state of best possible operation of a product or service market.

• Economic efficiency assumes minimum cost for the production of a good or service, maximum output, and maximum surplus from the operation of the market.

Hσρє ıт нєℓρѕ уσυ!

Answer 2

Answer:

Economic efficiency is a term used to define the possible operation of a service or product inorder to denote and give best service to customers in market

Thanks