Only a firm with ______________ will be able to make their output profitably.

Question

Quizplus · Accepted Answer

A firm with a comparative advantage at producing their output will be able to produce their output at a lower opportunity cost than their competitors. This means they can produce their output more efficiently and at a lower cost, allowing them to make a profit. The other options, having the highest opportunity cost or an absolute advantage, do not necessarily guarantee profitability.

Only a Firm with ______________ Will Be Able to Make