Only a firm with ______________ at producing a particular good will be able to produce that good profitably.

Question

Quizplus · Accepted Answer

A firm with a comparative advantage in producing a particular good can produce it at a lower opportunity cost than its competitors, allowing it to produce the good more profitably. Absolute advantage, high opportunity costs, and low variable costs are not as directly related to the ability to produce profitably in the context of comparative advantage.

Only a Firm with ______________ at Producing a Particular Good