I suspect the confusion is due to the term "efficient", which has two meanings: 1. (technical) creating minimum waste 2. (common) effective. In the real world, firms are undeniably effective compared to most/all real…
I suspect the confusion is due to the term "efficient", which has two meanings: 1. (technical) creating minimum waste 2. (common) effective. In the real world, firms are undeniably effective compared to most/all real…