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 good or service at a lower cost than their competitors, allowing them to sell their output at a lower price or earn a higher profit. This is because they are able to utilize their resources more efficiently than other firms, even if they do not have an absolute advantage in producing the good or service.

Only a Firm with ______________ Will Be Able to Make