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August 21, 2021

Firms can be both effective and also efficient even though they they do not have to be.a firm can be very efficient

Business & Finance /Operations Management

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Firms can be both effective and also efficient even though they they do not have to be.a firm can be very efficiently without them being effective to their overall goal. They can also be effective without being highly efficient just like we discovered in the goal. A firm can produce what a market wants without considering the cost.

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