Economics 9708 · AS & A Level · Behavioural economics

Behavioural economics — practice question

In what way is dynamic efficiency shown on a diagram?

  • Aa downward move to the minimum point of a long-run average cost curve
  • Ba downward shift in the long-run average cost curve
  • Ca move from a point inside a production possibility curve to a point on it
  • Da reduction in marginal revenue so that it equals long-run marginal cost

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