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Technological inefficiency: A. implies the existence of economic inequity. B. exists when more
total output could be produced given an economy's resources. C. exists whenever maximum
output is achieved given the resources available. D. occurs whenever it is still possible to make
someone better off without making someone else suffer.

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  • 1. Technological inefficiency: A. implies the existence of economic inequity. B. exists when more total output could be produced given an economy's resources. C. exists whenever maximum output is achieved given the resources available. D. occurs whenever it is still possible to make someone better off without making someone else suffer.