Before the development of new fracking technology, the opportunity cost of producing oil in the United States was _______ the

Question

3 years ago

7

Before the development of new fracking technology, the opportunity cost of producing oil in the United States was _______ the

world market price. After the development of new fracking technology, the opportunity cost of producing oil in the United States is _______ the world market price.

Business

1 answer:

ser-zykov [4K] · Answer 1 · 2022-06-11T11:55:19+03:00

Answer:

greater than; less than

Explanation:

Before the development of new fracking technology, the opportunity cost of producing oil in the United States was greater than the world market price. After the development of new fracking technology, the opportunity cost of producing oil in the United States is less than the world market price.

Before the development of new fracking​ technology, the opportunity cost of producing oil in the United States was​ _______ the

Before the development of new fracking technology, the opportunity cost of producing oil in the United States was _______ the