Only a Firm with ______________ at Producing a Particular Good

question 82

Multiple Choice

Only a firm with ______________ at producing a particular good will be able to produce that good profitably.

• A)the highest opportunity cost of production
• B)a comparative advantage
• C)an absolute advantage
• D)low variable costs

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Definitions:

Tsunami

A succession of significant waves in the ocean, often the result of submarine earthquakes, volcanic explosions, or terrain collapses.

Sumatra

A large Indonesian island in Southeast Asia, known for its diverse ecosystems, including mountains, rainforests, and vast wildlife.

Gigantic Waves

Extremely large and powerful water waves, often associated with storms or seismic activity.

Culture

The social behavior, norms, knowledge, beliefs, arts, laws, and customs of a society or a group of people.