Explain a production possibility curve


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Question 1). Explain how the market economic system works to answer the fundamental economic questions. Explain how this may differ from a command economic system. Historically, which has worked best and why? Please provide 100 word count

Question 2). Explain a production possibility curve. Differentiate between points on the curve, points outside the curve, and points inside the curve.

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Microeconomics: Explain a production possibility curve
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