A comparative advantage is:

Question

Quizplus · Accepted Answer

Comparative advantage is the ability of a country, company or individual to produce a good or service at a lower opportunity cost than their competitors. Therefore, the correct option is D, which refers to the lowest opportunity cost of producing a good. Option A is incorrect because the best strategy is subjective and not necessarily related to comparative advantage. Option B is incorrect because having long experience in production does not necessarily imply having a comparative advantage. Option C is incorrect because having the lowest cost of production does not necessarily mean having a comparative advantage.

A Comparative Advantage Is