Suppose Alberta and British Columbia (BC)have the production possibilities frontiers shown in the following graph.Suppose you wanted to determine which of the two provinces was economically better off.Is the given information sufficient? If yes,which province is better off? If not,make assumptions about the additional information that you need and determine which province is better off.How sensitive is your answer to variations in your assumptions? 
Definitions:
Sherman Act
The Sherman Act is a landmark federal statute in the field of United States antitrust law passed in 1890, which prohibits monopolistic practices and promotes competition.
Per Se Treatment
A legal doctrine implying that an action or condition is inherently illegal without the necessity of proving harm or competitive disadvantage.
Rule Of Reason
A legal doctrine used in antitrust law to determine if a business practice is unlawful based on its impact on competition.
Joint Action
A collaborative effort where two or more parties work together towards a common goal or objective.
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