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

Practise explaining dynamic efficiency by linking business investment, innovation or new products to higher productivity and lower long-run average costs.

Syllabus
First assessment 2019
Course
Economics YEC11
Level
A2

Exam points

  • explain dynamic efficiency by linking investment or innovation to new products, productivity gains or lower LRAC

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