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What does the production possibility curve illustrate?a)The maximum profit a business can achieve.b)The allocation of resources in a market.c)The various combinations of two goods an economy can produce.d)The total cost of production in a competitive market.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What does the production possibility curve illustrate?a)The maximum profit a business can achieve.b)The allocation of resources in a market.c)The various combinations of two goods an economy can produce.d)The total cost of production in a competitive market.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What does the production possibility curve illustrate?a)The maximum profit a business can achieve.b)The allocation of resources in a market.c)The various combinations of two goods an economy can produce.d)The total cost of production in a competitive market.Correct answer is option 'C'. Can you explain this answer?.

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