What is the difference between absolute advantage and comparative advantage?
a) Absolute advantage is the ability to produce a good or a service at a lower production cost than com
b)Comparative advantage is the ability to produce a good or service at a lower opportunity cost than
c) Absolute advantage is the ability to produce a good or a service at a lower opportunity cost than co
d)Comparative advantage is the ability to produce a good or service at a lower production cost than
e) Absolute advantage is the ability to sell a good or a service at a lower price than competitors. Com advantage is the ability to sell a good or service at a higher price than competitors.
f) Absolute advantage is the ability to sell a good or a service at a higher price than competitors. Coadvantage is the ability to sell a good or service at a lower price than competitors.