The concept of economic efficiency can be best explained as: the natural outcome of unregulated pursuit of self-interest. the use of resources that provides the highest value to consumers. any position on the production-possibilities frontier. the production of the largest number of goods possible. Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key. Economic efficiency is also called: production-possibilities frontier. Pareto optimality. market equilibrium. the maximization principle. Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key.