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Author Question: An efficient point of production is A) a point on the production possibilities curve. B) a point ... (Read 159 times)

Mr. Wonderful

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on: Jun 29, 2018
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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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Mr. Wonderful

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Reply #2 on: Jun 29, 2018
Thank you :)


Leostella20

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Reply #3 on: Jun 29, 2018
Happy to help you


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