[johnwinters91]

Professor,

Do prices in a free market lead to the maximization of an economy’s production possibilities frontier?

When someone says prices maximize efficiency, what is usually meant by that?

[jmherbener]

The PPF is usual thought of as the maximum potential output of the economy, given its resources and technology. If so, then a free market (with its array of prices) will result in production at a point on the PPF. Prices distorted by government intervention will result in production at a point interior to the PPF. The economy will produce less than its potential.

[Anonymous]

555

[Anonymous]

-1 OR 2+823-823-1=0+0+0+1 —

[Anonymous]

-1′ OR 2+28-28-1=0+0+0+1 —

[Anonymous]

-1″ OR 2+182-182-1=0+0+0+1 —

[Anonymous]

555*if(now()=sysdate(),sleep(15),0)

[Anonymous]

5550’XOR(555*if(now()=sysdate(),sleep(15),0))XOR’Z

[Anonymous]

5550″XOR(555*if(now()=sysdate(),sleep(15),0))XOR”Z

[Anonymous]

(select(0)from(select(sleep(15)))v)/*’+(select(0)from(select(sleep(15)))v)+'”+(select(0)from(select(sleep(15)))v)+”*/

[Anonymous]

555-1; waitfor delay ‘0:0:15’ —

[Anonymous]

555-1); waitfor delay ‘0:0:15’ —

[Anonymous]

555-1 waitfor delay ‘0:0:15’ —

[Anonymous]

555Ok6vEo6P’; waitfor delay ‘0:0:15’ —

[Anonymous]

555-1 OR 449=(SELECT 449 FROM PG_SLEEP(15))–

[Author]

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