Efficiency occurs when a. the economy has a fair and just distribution of income. b. all markets are in equilibrium. c. the economy is producing what people want at least possible cost. d. unemployment is low and prices are stable.

The Correct Answer is C

Explanation:

Economic efficiency: a situation where every source is allotted optimally and each personality is obeyed in the best potential way to depreciate incompetence and consumption. Efficiency must-see at the connection between the physical product and the physical data. Economic efficiency symbolizes scales of loss and benefit.

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