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Exhibit 2-3 Refer to Exhibit 2-3. If PPF 1 is the relevant production possibilities frontier, society can choose points that lie only a. below PPF

  1. Exhibit 2-3 Refer to Exhibit 2-3. If PPF1is the relevant production possibilities frontier, society can choose points that lie only

a.

below PPF1.

b.

below or on PPF1.

c.

on PPF2.

d.

outside of PPF1

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