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Author Question: An efficient point of production is A) a point on the production possibilities curve. B) a point ... (Read 71 times)

Mr. Wonderful

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An efficient point of production is
 
  A) a point on the production possibilities curve.
  B) a point inside the production possibilities curve.
  C) the point where scarcity no longer exists.
  D) the point where we are currently producing.

Question 2

In general, horizontal mergers will
 
  A) increase the number of firms in an industry.
  B) decrease the number of firms in an industry.
  C) increase competition in an industry.
  D) reduce economic profits in an industry.



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Leostella20

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Answer to Question 1

A

Answer to Question 2

B





 

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