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What is the producer’s problem (or a firm’s goal) in microeconomics? A firm achieving its goal also...

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Economics

  1. What is the producer’s problem (or a firm’s goal) inmicroeconomics?

  1. A firm achieving its goal also achieves economicefficiency.

  1. How is economic efficiency defined?

  1. How does it differ from technological efficiency?

Answer & Explanation Solved by verified expert
3.9 Ratings (608 Votes)
the goal of a firm is tomaximize the profit the firms goal is to determine pricing and demand within the market and allocate resources to maximize net profits economic efficiency is when all goods and factors    See Answer
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