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If the __ cost for producing a particular good is lower for one producer than another the former producer has ___ for producing the good

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Answer:

opportunity; comparative advantage.

User Denis Fetinin
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Hello. I think you are looking for the description of the term comparative advantage. The sentence suggests that a producer of a particular good should have a comparative advantage if he or she has a lower opportunity cost for producing the particular good. Opportunity cost means the benefits that the producer has to give up in order to produce the good.

ANSWER: opportunity; comparative advantage.
User Ssarabando
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