Even if society is producing a combination of goods and services on the production possibilities curve,it may not be producing the optimal mix of output.

Question

Quizplus · Accepted Answer

Just because society is producing on the production possibilities curve does not mean they are producing the most efficient or desirable mix of goods and services. It is possible for there to be alternative points on the curve that would result in a better outcome for society.

Even If Society Is Producing a Combination of Goods and Services