What is a graphical representation of the combination of goods and services that can be produced in a situation?
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A production possibilities curve is a graphical representation of the combination of goods and services that can be produced in a situation. The PPC curve compares the opportunity cost of producing two or more goods in a society A production line outside the PPC curve indicates efficiency whereas a line inside the PPC curve indicates inefficiency in production. Product 1 is taken on x axis and product 2 is taken on y axis.
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