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When the production possibilities curve is concave from the origin, then -resources can be used equally well for both goods. -as more of one good
When the production possibilities curve is concave from the origin, then
-resources can be used equally well for both goods.
-as more of one good is produced, more of the other good is sacrificed.
-the nation can produce more of both goods.
-the good on the horizontal axis is a free good.
-the good on the vertical axis is a free good.
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