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Business, 19.11.2019 07:31 genesiloves

What is absolute advantage? a. the ability to produce a good or service at a lower opportunity cost than other producers. b. the ability to produce more of a good or service than competitors using the same amount of resources. c. the ability to use all available resources to produce output. d. the gain from consuming a product whose benefit is greater than its cost. e. the gain from selling a product for more than it costs to produce that product.

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What is absolute advantage? a. the ability to produce a good or service at a lower opportunity cost...
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