$\mathrm{C}_4$ plants have better productivity because
$\mathrm{C}_4$ plants have better productivity because
$\mathrm{C}_4$ plants absorb more light
$\mathrm{C}_4$ plants absorb more $\mathrm{CO}_2$
$\mathrm{C}_4$ plants lack photorespiration
all of these.
Solution
Presence of photorespiration is considered as a wasteful and energy consuming process in crop plants which ultimately leads to reduction in final yield of crops. It is estimated that during $\mathrm{C}_3$ photosynthesis, upto $50 \%$ of the $\mathrm{CO}_2$ fixed may have to pass through photorespiratory process, thereby resulting in considerable decrease in photosynthetic productivity. In $\mathrm{C}_3$ plants, there is some loss of photosynthetic activity on account of photorespiration which is absent in $\mathrm{C}_4$ plants and hence they have better productivity.