The production possibilities frontier is a graph that shows the various combinations of output that an economy can possibly produce given the available factors of production and

a. society's preferences.
b. the available production technology.
c. a fair distribution of the output.
d. the available demand for the output.

b

Economics

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a. True b. False Indicate whether the statement is true or false

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Patents, quotas, tariffs, and government licensing can all create barriers to entry into oligopoly industries

a. True b. False Indicate whether the statement is true or false

Economics