Assertion: dynamic efficiency | /r/CapableOf | focus on change
Facets:
value: in the choice
type: OTHER
Source sentences:
text: : Occurs when the price is equal to the marginal cost (AR=MC or P=MC) Productive efficiency: Occurs when output is supplied at minimum unit (average) cost either in the short or the long run Dynamic efficiency: Dynamic efficiency focuses on changes in the choice available in a market together with the quality/performance of products that we buy.