Examlex
Which of the following is an example of conglomerate integration?
Comparative Advantage
The capacity of a person, business, or nation to create a product or offer a service with a smaller opportunity cost compared to its rivals.
Opportunity Cost
The cost of missing out on the next best alternative when making a decision.
Total Output
The total quantity of goods or services produced by a firm or an economy in a specific period.
Comparative Advantage
The ability of a country or individual to produce a good or service at a lower opportunity cost than competitors.
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