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Edexcel A-Level Economics A2 3.3.3 1a Concepts of Allocative Efficiency Productive Efficiency Dynamic Efficiency Questions

Study efficiency concepts with a focus on dynamic efficiency, linking innovation and investment to better products or lower long-run costs using relevant business evidence.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • Explain dynamic efficiency through innovation and improvements in products, production or long-run costs
  • Apply the concept using relevant evidence of R&D, new products or investment in production facilities

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