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In class someone says, A linear production possibility frontier has no opportunity costs. What if someone said right after, A bowed-out production possibility frontier has
In class someone says, "A linear production possibility frontier has no opportunity costs." What if someone said right after, "A bowed-out production possibility frontier has increasing opportunity costs." Are these statements both true, both false, or is one true and the other is false? Group of answer choices Statement 1 is true and statement 2 is false. Both are false Statement 1 is false and statement 2 is true. Both are true
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