Tha use of cannabis was legalized in Canada in 2017. Suppose that the cannabis sector in Canada has a four-firm concentration ratio of 40 and a Herfindahl index of 921. Most likely, the cannabis sector would achieve Multiple Choice   minimum efficient scale (MES).   allocative efficiency but not productive efficiency.   productive efficiency but not allocative efficiency.   neither productive efficiency nor allocative efficiency.   both productive efficiency and allocative efficiency.

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Productive and Allocative Efficiency Analysis

Productive efficiency, also referred to as production efficiency is a term in economics describing the level at which a company is operating at its maximum capacity. Beyond this point, the entity will be unable to manufacture any additional goods without cutting down another product’s production level. This occurrence is an outcome of production happening alongside a Production Possibility Frontier (PPF).