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What is the economically efficient output level and what is the price at that level?Though there are some ways to extend the life of an ink cartridge , it's always better to have an efficientEconomically Efficient or Social Optimum Price The economically efficient or social optimum price would occur where price equals marginal cost, making the industry allocatively efficient However, since the average total cost is declining in the region of demand, and marginal cost intersects average cost at the minimum, marginal cost will be below the average cost in the Econowaugh Ap 11 02 14 Economically efficient products coupon