Question

Specialization: multiple choice reduces the cost of production for all producers. ensures more wealth for everyone. creates more income for consumers and producers. ensures that goods and services are produced by low-cost producers

Answer 1

Specialization ensures that goods and services are produced by low-cost producers.

What is specialization?

It should be noted that specialization simply means the concentration of the production in a particular field.

In this case, specialization ensures that goods and services are produced by low-cost producers.

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