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jugganuts jugganuts
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2 months ago
A producer is said to have a comparative advantage in the production of a good when the producer ________ compared to other producers.

▸ charges a higher price for the good

▸ has a higher sunk cost

▸ has a lower opportunity cost

▸ can produce more units of the good per hour
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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alpha987alpha987
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2 months ago
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has a lower opportunity cost

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