Concentration of production makes most sense when
A) trade barriers are low.
B) the product's value-to-weight ratio is low.
C) important exchange rates are volatile.
D) flexible manufacturing technology does not exist.
E) the production technology has low fixed costs.

Question

Quizplus · Accepted Answer

Concentration of production is most beneficial when trade barriers are low, as it allows for efficient distribution and export of goods without incurring high costs or restrictions.

Concentration of Production Makes Most Sense When