Which of the following most accurately interprets the statements "there is no such thing as a free lunch"? on the production possibilities curve, all resources are fully employed. in order to produce more of one good, resources must be taken away from producing another good, which will decrease the production of this second good. all points on the production possibilities curve represent the opportunities to increase production by rearranging the resources from one good to another.

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells.b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities.c. two superpowers decide whether to build new weapons or to disarm.d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society