When trading partners can produce their goods and services with greater efficiency and produce their goods and services at lower costs to their customers, it is called:
A)interorganizational efficiency.
B)comparative efficiency.
C)bargaining power.
D)internal efficiency.

Question

Quizplus · Accepted Answer

Comparative efficiency refers to the ability of trading partners to produce goods and services more efficiently and at lower costs, often due to comparative advantage.

When Trading Partners Can Produce Their Goods and Services with Greater