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The following table shows the revenue and expenses in millions of Euros (European currency) associated with REPSOL YPF company’s oil and gas producing activities in operations in different parts of the world for 1998-2000.
Solution
In 1998, the efficiency in Rest of Latin America was $$\frac{34}{57}$$.
In 1998, the efficiency in Rest of the world was $$\frac{5}{15}$$, which is less than $$\frac{34}{57}$$.
Hence, the efficiency of rest of latin america was not the least.
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