Question
Link the production possibilities frontier to the products and services that Loreal offers(ed). Students are not expected to make a PPF diagram, but instead discuss
Link the production possibilities frontier to the products and services that Loreal offers(ed). Students are not expected to make a PPF diagram, but instead discuss how the production possibilities have changed for Loreal they are analyzing (for example, what is something new that they are offering, why? What are products/services that the firm used to offer, but discontinued. Why?) Provide an example where the same resources of production are used to produce the new product/service that was used to produce the discontinued product/service (opportunity costs/tradeoffs)
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