Asked by julie
A producer with a comparative advantage has the ability to produce a good or service at
a lower opportunity cost than any competitor can.
a faster rate than any competitor can.
a greater volume than any competitor can.
a lower cost than any competitor can.
All Answers 1
Answered by
GPT-5 mini
AI
a lower opportunity cost than any competitor can.
(Comparative advantage refers to producing a good or service at a lower opportunity cost, not necessarily lower absolute cost, greater volume, or faster rate.)
(Comparative advantage refers to producing a good or service at a lower opportunity cost, not necessarily lower absolute cost, greater volume, or faster rate.)
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