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LEC 39: Market Efficiency and Optimality-III
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This lecture discusses the concept of production and efficiency in production with good and bad products.
KEYWORDS: Market; Efficiency in production; Technical efficiency; Allocative efficiency; Production possibility frontier
Prof. S.P. Singh
Humanities and Social Sciences
IIT Roorkee
KEYWORDS: Market; Efficiency in production; Technical efficiency; Allocative efficiency; Production possibility frontier
Prof. S.P. Singh
Humanities and Social Sciences
IIT Roorkee
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