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gogolik [260]
4 years ago
8

As a barrier to new entry, absolute cost advantages can be based on:

Business
1 answer:
Sophie [7]4 years ago
7 0

Answer:

E. superior production operations and processes due to accumulated experience, patents, or trade secrets.

Explanation:

The <em>absolute cost advantages </em>Is an economic principle which states: than a firm has absolute cost advantages when using the same amount of resourses than a competitor is able to produce or sell more of a good or service.

From the given options:

E is the correct as: It represent the better use of the same raw material, machinery and labor hours to generate a better output than competitors.

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