15 Nov 2021
Problem 13
Page 294
Section SELF: CHECK QUESTIONS
Chapter 12: Environmental Protection and Negative Externalities
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15 Nov 2021
Introduction
Production Possibility Frontier is defined as a curve depicting the different possible amounts that two separate goods may be produced, when the availability of resources is fixed for both the items. It assumes that the production is optimally efficient and is also known as the "production possibility curve" or the "transformation curve".
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