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In your own words, explain why a real-world PPF is more likely to be bowed out than it is to be a straight line (i.e.

In your own words, explain why a real-world PPF is more likely to be bowed out than it is to be a straight line (i.e. why the PPF displayed above on the right is more realistic than the one on the left). (2pts) What economic concept is at play here? (3pts)

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