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Business, 19.02.2020 02:10 21gl13826

The marginal benefit of an additional beach towel is $12. The marginal cost of producing an additional beach towel is $8. If producers are minimizing the average costs of production, then we can conclude: A. beach towel production is both allocatively and productively efficient. B. beach towel production is allocatively efficient but not productively efficient. C. beach towel production is neither allocatively nor productively efficient. D. beach towel production is not allocatively efficient but is productively efficient.

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