If it is more efficient for a country to produce a mixture of all goods (a combination that contains both products on a two dimensional PPC), which statement regarding their PPC is correct?
a) This curve is a concave PPC.
b) This curve is a convex PPC.
c) This curve does NOT demonstrate the Law of Increasing Opportunity Cost.
d) This curve does NOT demonstrate the Law of Diminishing Returns.
e) It is best for this economy to produce inside the PPC and NOT on the curve.
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