Incomplete specialization may be caused by

Name: Incomplete specialization may be caused by
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Incomplete specialization occurs when a country does not fully specialize in producing the goods in which it has a comparative advantage, and this may be caused by increasing opportunity cost. As the production of a good increases, the opportunity cost of producing an additional unit also increases, which can make it less profitable for a country to specialize in producing that good alone.

Incomplete Specialization May Be Caused by