ECONOMICS !!!!

Physics

1 answer:

gulaghasi [49]2 years ago

6 0

Answer:

Explanation:

Absolute advantage is the capability of a commercial entity to produce goods using fewer resources compared to rivals. Using the same inputs, an entity with an absolute advantage produces a larger output compared to competitors. It means the firm has a lower marginal cost of production. Therefore, its products will have the lowest prices in the market.

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