Question
3. Efficiency in the production possibilities model Suppose France produces only two goods: corn and smartphones. The following graph shows France's current production possibilities frontier,
3. Efficiency in the production possibilities model Suppose France produces only two goods: corn and smartphones. The following graph shows France's current production possibilities frontier, along with six output combinations represented by black points (plus symbols) labeled A to F. 020406080100100806040200SMARTPHONES (Millions)CORN (Millions of bushels)PPFDEFABC Complete the following table by indicating whether each point represents output combinations that are inefficient, efficient, or unattainable. Check all that apply. Point Inefficient Efficient Unattainable A B C D E F
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